$650,000

145 E MICHIGAN AVENUE, ORANGE CITY, FL 32763, US

Summary

Style: Industrial
Sq Ft: 1050
Year Built: 1952

Moving Quotes

primary photo for 145 E MICHIGAN AVENUE, ORANGE CITY, FL 32763, US

Remarks

**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.
This listing is being sold together with FC 305779, APN: 17-30-33-04-00-0740, for a total purchase price of $650,000.00.

Details

MLS#: FC305774
Price: $650,000

Style: Industrial
Sq Ft: 1050
Year Built: 1952

County: Volusia
Subdivision: VOLUSIA GARDENS
Tax Fee: 3879

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Broker Contact


BETTER HMS & GARDENS RE SYNERG
412 Beach Village Dr
Flagler Beach, FL, 32136
US
Kendall Caputo
! 386-338-3939
! kendall@bhgsynergy.com
! Website

Information is believed to be accurate but should not be relied upon without verification.
Data Provided by Stellar MLS
Last updated: 2024-12-12T23:39:53.000-05:00.
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