Homes for sale - 143 E MICHIGAN AVE, Orange City, FL 32763

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$650,000

Est. payment - /mo

1,050 SqFt

New

143 E MICHIGAN AVE Orange City, FL 32763

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JG Signature Team

gea@geagomez.com +1(407) 733-3432

UPDATED:

12/17/2024 10:35 PM

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 1,050 sqft

Price per Sqft $619

Subdivision Volusia Gardens

MLS Listing ID FC305779

HOA Y/N No

Originating Board Stellar MLS

Year Built 1952

Annual Tax Amount $973

Lot Size 0.430 Acres

Acres 0.43

Property Description

*Prime Investment Opportunity: Auto Mechanic Shop with Residential Rental Income** Unlock the potential of this versatile commercial property, perfect for savvy investors seeking a well-rounded portfolio addition. Located in a high-visibility area, this property offers a unique combination of income streams and flexibility for future growth. **Key Features:** - **Six-Bay Auto Mechanic Shop:** This spacious and fully equipped auto shop is ready for immediate use. The facility includes: - **Six car lifts** for handling a variety of vehicles - **Air compressor** for pneumatic tools - **Tire changer** to meet all tire service needs - **Waste coolant tank** for environmental compliance - Dedicated **storage space** for tools, parts, and supplies Whether you lease it to a business or operate it yourself, this setup offers significant income potential in a service-oriented industry. Note: the sale does not include the existing business currently operating in the space. - **Single-Family Residential Unit:** A fully renovated, modern, and turn-key 3-bedroom, 2-bath home on the premises is currently leased, providing stable rental income. Thoughtfully updated with contemporary finishes and high-quality materials, the residential unit is a desirable living space, ensuring consistent tenant demand and premium rental rates. **Leasing Information:** Both the auto mechanic shop and the residential unit are currently leased on a **month-to-month basis**, offering flexibility for potential buyers to renegotiate terms or transition to new tenants as desired. **Highlights:** - High-traffic location with excellent visibility and accessibility - Ample parking space for customers and tenants - Well-maintained building and facilities - Separate utility meters for ease of management - Strong potential for steady cash flow from both commercial and residential units Whether you're an experienced investor or looking to diversify your portfolio, this property offers a rare combination of commercial utility and residential rental income. With a modern, turn-key residential unit, top-tier auto shop equipment, and flexible leasing terms, this is an opportunity you don't want to miss.
Note: This listing is being sold together with FC 305774, APN: 17-30-33-04-00-0770, for a total purchase price of $650,000.00.

Location

State FL

County Volusia

Community Volusia Gardens

Zoning 01B4

Interior

Cooling Office Only

Flooring Concrete, Luxury Vinyl

Exterior

Parking Features Parking Spaces - 6 to 12

Utilities Available Public

Building

Entry Level One

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Sewer Septic Tank

Water Public

Structure Type Metal Frame,Metal Siding

New Construction false

Others

Ownership Sole Proprietor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Listed by BETTER HMS & GARDENS RE SYNERG

Learn More About LPT Realty

JG Signature Team

Team Leader / Realtor®

+1(407) 733-3432

143 E MICHIGAN AVE Orange City, FL 32763

JG Signature Team

Key Details

Location

Interior

Exterior

Building

Others

Learn More About LPT Realty

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143 E MICHIGAN AVE