1550 Michigan Ave Winter Park, FL 32789
Estimated payment $3,666/month
Total Views
13,408
3
Beds
3
Baths
1,452
Sq Ft
$413
Price per Sq Ft
Highlights
- No HOA
- Central Heating and Cooling System
- Dogs and Cats Allowed
- Family Room Off Kitchen
About This Home
Incredible Investment Opportunity in Winter Park!
Come take a look at this amazing property located in the heart of Winter Park — just steps from Orlando Avenue, with its fantastic restaurants, shops, and the vibrant lifestyle found only in Winter Park
This charming 1947 fully remodeled bungalow offers 2 bedrooms and 1 bathroom and is accompanied by a 1-bedroom, 1-bathroom in law-suite in the back
Both units are fully remodeled as of 2 years ago and are separated by a privacy fence, offering ideal flexibility for rental income, multi-generational living, or a house-hack setup. Public records sq footage is for both houses. Zone R2
Property Features:
Metal roofs on both units
Newer AC systems
Full kitchens in both units
Luxury vinyl plank flooring throughout
Front unit has new windows and Hardie Plank siding
Plenty of off-street parking on stone-covered grounds.
Property is fully rented with excellent records tenants and bringing an excellent NOI
Situated in a highly sought-after area surrounded by multiple new construction homes, this property presents endless possibilities. Whether you’re looking to capitalize on the surging equity in this prime development zone, generate steady income from the existing rental setup, or collect rent while you design your dream home and secure permits, this is a rare and valuable opportunity.
Don’t miss your chance to invest in one of Central Florida’s most desirable neighborhoods!
Listing Agent
407HUB REAL ESTATE LLC Brokerage Phone: 407-574-8800 License #664277 Listed on: 05/12/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,769
Year Built
- Built in 1947
Lot Details
- 6,886 Sq Ft Lot
Home Design
- Duplex
- Metal Roof
- HardiePlank Type
Interior Spaces
- 1,452 Sq Ft Home
- Family Room Off Kitchen
- Crawl Space
- Laundry Located Outside
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Utilities
- Central Heating and Cooling System
- Septic Needed
- Cable TV Available
Listing and Financial Details
- Visit Down Payment Resource Website
- Legal Lot and Block 4 / E
- Assessor Parcel Number 12-22-29-4996-05-040
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- Lawndale Subdivision
Pet Policy
- Dogs and Cats Allowed
Building Details
- Operating Expense $4,768
- Gross Income $47,400
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,769 | $277,950 | $220,000 | $57,950 |
| 2024 | $4,508 | $275,250 | $220,000 | $55,250 |
| 2023 | $4,508 | $270,766 | $220,000 | $50,766 |
| 2022 | $761 | $65,365 | $0 | $0 |
| 2021 | $749 | $63,461 | $0 | $0 |
| 2020 | $711 | $62,585 | $0 | $0 |
| 2019 | $721 | $61,178 | $0 | $0 |
| 2018 | $716 | $60,037 | $0 | $0 |
| 2017 | $703 | $116,348 | $79,000 | $37,348 |
| 2016 | $684 | $116,595 | $79,000 | $37,595 |
| 2015 | $694 | $104,938 | $68,000 | $36,938 |
| 2014 | $732 | $91,761 | $65,000 | $26,761 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/12/2025 05/12/25 | For Sale | $60,000 | -- | $41 / Sq Ft |
Source: Stellar MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $265,000 | None Listed On Document | |
| Warranty Deed | $209,000 | None Listed On Document | |
| Warranty Deed | $175,100 | Alamo Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $265,000 | Balloon | |
| Previous Owner | $50,000 | Credit Line Revolving |
Source: Public Records
Similar Homes in Winter Park, FL
Source: Stellar MLS
MLS Number: S5126664
APN: 12-2229-4996-05-040
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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