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St. Cloud Multi-Unit Property

Xx 694 Michigan Ct, Saint Cloud, FL 34769

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For Sale

$260,000

Multi-unit property with rental income potential in St. Cloud.

Type:Investment

Property size:

1,712 SF

Price / SF:

$151/SF

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.
Convenient location near major highways, shopping, dining, and entertainment.
Immediate rental income potential from tenant‑occupied unit with lease through August 31, 2026.
Well‑maintained property in the Michigan Court community.

We can help!

Listing Contact

Denise Gonzalez

Learn more

For Sale

$260,000

Multi-unit property with rental income potential in St. Cloud.

Type:Investment

Property size:

1,712 SF

Price / SF:

$151/SF

Added:: Apr 27, 2026
Days on Market:: 49
Last Refresh:: Apr 27 at 7:27 pm

Property Features for Xx 694 Michigan Ct

General Information

Standard status: Active
Size: 1,712 SF
Property subtype: Investment

Building Details

Year Built: 1972

We can help!

Listing Contact

Denise Gonzalez

Listing agent Denise Gonzalez

Listing office

Listing date Apr 27, 2026

Source Elliman

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

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.
Convenient location near major highways, shopping, dining, and entertainment.
Immediate rental income potential from tenant‑occupied unit with lease through August 31, 2026.
Well‑maintained property in the Michigan Court community.

Overview

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.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $22,834 @ 7.0% cap · market cap 8.78%

Second Best

Apartment 5plus

$300.3K

$262.8K – $350.4K (±1% cap)

NOI $21,024 @ 7.0% cap · market cap 8.09%

Theoretical Best

Specialty Retail

$529.4K

$463.2K – $617.6K (±1% cap)

NOI $37,056 @ 7.0% cap · market cap 14.25%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Saint Cloud
County: Osceola
State: Florida
Longitude: -81.2771823
Latitude: 28.2397351

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For sale
Duplexes
FL
Saint Cloud
34769
Xx 694 Michigan Ct

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.