Active

$1,615,000

Features:
  • 4 Bedrooms
  • 2 Bathrooms
  • 3258 sq ft
Overview
  • ID: MFRO6429402
  • Bedrooms: 4
  • Bathrooms: 2
  • Size: 3258 sq ft
Property Details
Remarks
*Multiple Income Streams* Prime high-traffic East Michigan Street, plus the sale of the retail store includes 2 single family homes on Keystone Road. 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. Seller Financing Option: No. See also: MLS#O6415078. Contact us today to schedule your visit.
Financial Considerations
Price:
$1,615,000
HOA Fee:
N/A
Tax Amount:
$9566
Price per SqFt:
$495.7
Tax Legal Description:
WEIDOWS SUB E/72 LOTS 1 THROUGH 4 (LESS N 25 FT OF LOT 1 FOR R/W)
Exterior Features
Lot Size:
24572
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
4
Bathrooms:
2
Heating:
Other
Cooling:
Other
Appliances:
None
Furnished:
Yes
Floor:
Other
Levels:
One
Additional Features
Property Sub Type:
Single Family Residence
Style:
N/A
Year Built:
1982
Construction Type:
Block, Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
East
Pets Allowed:
No
Special Condition:
None
Additional Features:
Other
Additional Features 2:
Check with Orange County for any lease restrictions.
Map
  • Address
    884 E MICHIGAN ST
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