St. Cloud Multi-Unit
Xx 694 Michigan Ct Saint Cloud, FL 34769
For Sale
$260,000
Multi-unit property with rental income potential in St. Cloud.
Property Size1,712 SF
Price / SF$151.87
Days on Market92
Property Features for Xx 694 Michigan Ct
General Information
Standard status
Active
Size
1,712 SF
Property subtype
Investment
Building Details
Year Built
1972
Listing Agency:
(561) 232-9085
Listed By:
Denise Gonzalez
(561) 232-9085
Source:
Elliman
Added: Apr 27
Changed: Jul 10
Last Checked: Jul 15 at 4:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Denise Gonzalez
Investment Insights
Based on property information with market context.
Located in the Michigan Court community of Saint Cloud, Florida, this well-maintained multi-unit property features two units. Each unit includes 2 bedrooms, 1 bathroom, and approximately 856 square feet of living space. The property has a new roof and new windows. The condo association fee is $300 per month per unit. Unit 1 is tenant-occupied with a lease in place through August 31, 2026. Unit 3 is currently vacant, providing flexibility for leasing or owner use. The property is located near major highways, shopping, dining, and entertainment options. The bike score is 49, indicating it is somewhat bikeable, and the walk score is 52, indicating it is somewhat walkable.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom, totaling 1,712 sq ft of living space.
- New roof and new windows reduce future maintenance costs.
- One unit is vacant, offering immediate flexibility for leasing or owner occupancy.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.9k | $20.40 |
| − Vacancy | −$2.3k | −$1.35 |
| EGI | $32.6k | $19.05 |
| − OpEx | −$9.8k | −$5.72 |
| NOI | $22.8k | $13.34 |
1,712 SF · lease $20.40/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$326.2K
$285.4K – $380.6K
NOI $22,834 @ 7.0% cap · market cap 8.78%
Second Best
Apartment 5plus
$300.3K
$262.8K – $350.4K
NOI $21,024 @ 7.0% cap · market cap 8.09%
Theoretical Best
Specialty Retail
$529.4K
$463.2K – $617.6K
NOI $37,056 @ 7.0% cap · market cap 14.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Multi-unit property with rental income potential in St. Cloud.
Where is this duplex located?
The property is located at Xx 694 Michigan Ct Saint Cloud, FL.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom, totaling 1,712 sq ft of living space.; New roof and new windows reduce future maintenance costs.; One unit is vacant, offering immediate flexibility for leasing or owner occupancy.
