For sale· 61 days on market
884 MICHIGAN Street, Orlando, FL 32806
MLS# O6429402·Courtesy of JR REALTY GROUP LLC
$1,615,000
Estimated $10,576/mo estimated
4 bd, 2 ba, 3,258 sq ft, 0.56 ac lot
- 4
- Bedrooms
- 2
- Bathrooms
- 3,258
- Sq ft
- 0.56 ac
- Lot size
- 1982
- Year built
- $496
- Per sq ft
- Residential
- Built 1982
- 0.56 acre lot
About this home
*Multiple Income Streams* Prime high-traffic East Michigan Street, plus the sale of the retail store includes 2 single family homes on Keystone Drive. The corner lot location is over half-acre. The main building has served as a thrift outlet and can be adapted to numerous retail or service provider configurations and there are 2 standard garages, 3 bathrooms and 4 additional entrances and business or commercial parking spaces. Enhance your annual ROI with tens of thousands in *Passive Rental Income* from the 2 single family residences included in the purchase. Or get really creative by tearing down and re-zoning to 2 50-foot by 140-foot home sites, noting that new zoning has been proposed which would allow heights soaring 2 or 3 stories. *More Passive Income* via stacked billboards also included in this offering. Great location with multiple income stream potential - a unique investment opportunity that will likely not last long. This property is zoned for Blankner and Boone schools. Notice: prospective buyers are not permitted to approach the Seller, management, tenants, or employees directly. All communications, requests for information, and property viewing arrangements must be coordinated through the Listing Broker. Contact us today for a copy of our Offering Memorandum or to schedule your visit.
Facts & features
Interior
- Bedrooms
- 4
- Bathrooms
- 2 full
- Living area
- 3,258 sqft
Property
- Type
- Residential
- Year built
- 1982
- Lot size
- 0.56 acres
Financial
- Annual taxes
- $9,566
- Price / sqft
- $496
Estimate your monthly payment
$10,576/ month estimated
- Principal & interest$8,423
- Property tax$1,480
- Insurance$673
Illustrative estimate — not a lending offer.
Investor tools
See flip, rental and BRRR numbers for this home.
Location
Orlando, FL
Call, text, or send a message. I'll answer myself, same day, in English or Spanish.
Pedro Rivera
My agent · 414.712.6275
Stellar MLS
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