5575 Irlo Bronson Memorial Highway, St Cloud, FL 34771
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Priced at Only: $1,200,000
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Address: 5575 Irlo Bronson Memorial Highway, St Cloud, FL 34771
Property Location and Similar Properties
- MLS#: O6320338 ( ResidentialIncome )
- Street Address: 5575 Irlo Bronson Memorial Highway
- Viewed: 6
- Price: $1,200,000
- Price sqft: $165
- Waterfront: No
- Year Built: 1966
- Bldg sqft: 7263
- Bedrooms: 14
- Total Baths: 10
- Days On Market: 5
- Additional Information
- Geolocation: 28.2432 / -81.2149
- County: OSCEOLA
- City: St Cloud
- Zipcode: 34771
- Subdivision: Twin Lakes Ranchettes
- Provided by: BALDWIN PARK REALTY LLC
- DMCA Notice
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DescriptionOutstanding Investment Opportunity Turnkey Motel with Redevelopment Potential! Now available: a fully operational, income producing motel property zoned Commercial (C) in the rapidly expanding Saint Cloud market. Located at 5575 E Irlo Bronson Memorial Hwy, this 5,374 SF property sits on a valuable parcel with excellent visibility and frontage on busy US 192. Currently comprised of 9 updated rental units, all leased under flexible terms (weekly, biweekly, and monthly), this income producing property generates approximately $11,937/month or $143,244 annually in gross income, with a Net Operating Income (NOI) of $79,948/year. Building One features a new roof (2021) and a remodeled main living area completed the same year. Building Two received a roof replacement approximately 8 years ago. The property is supported by four separate septic systems, each equipped with new drainfields, ensuring efficient and reliable long term operation. Additionally, the site includes a 1,435 sq ft living space with 3 bedrooms and 1.5 baths, which could serve as on site living quarters for ease of management or be converted into an additional income producing unit to further enhance returns. This property offers not only solid cash flow but also significant redevelopment potentialideal for hospitality, retail, or mixed use projects. The Commercial zoning (C) allows for a wide range of future uses, making this a strategic acquisition in a growth corridor. Situated in a high traffic area near new residential developments, attractions, and major roadways, this is a rare opportunity to secure a versatile asset with strong current income and future upside.
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Features
Building and Construction
- Covered Spaces: 0.00
- Exterior Features: OutBuildings
- Flooring: Carpet, LuxuryVinyl, Tile
- Living Area: 5374.00
- Other Structures: Storage, Outbuilding
- Roof: Shingle
Garage and Parking
- Garage Spaces: 0.00
- Open Parking Spaces: 0.00
Eco-Communities
- Water Source: Well
Utilities
- Carport Spaces: 1.00
- Cooling: CentralAir, WallWindowUnits
- Heating: Central, WindowUnit, WallFurnace
- Pets Allowed: Yes
- Sewer: SepticTank
- Utilities: CableAvailable, CableConnected, HighSpeedInternetAvailable, WaterConnected
Finance and Tax Information
- Home Owners Association Fee: 0.00
- Insurance Expense: 0.00
- Net Operating Income: 0.00
- Other Expense: 0.00
- Pet Deposit: 0.00
- Security Deposit: 0.00
- Tax Year: 2024
- Trash Expense: 0.00
Other Features
- Appliances: Dishwasher, Microwave, Refrigerator
- Country: US
- Interior Features: KitchenFamilyRoomCombo, MainLevelPrimary, OpenFloorplan
- Legal Description: TWIN LAKES RANCHETTES PB 1 PG 406 BLK A, COM AT SE COR LOT 6, N 71.68 FT TO POB AND PT ON NON TAN CURVE, CONC NELY, RAD 22, 788.31 FT, CH N 82 DEG W, NWLY 213.75 FT, N 143.42 FT, N 89 DEG E 115 FT, N 01 DEG E 122.9 FT, S 88 DEG E 93.32 FT, S 292.26 F T TO POB AKA COLONIAL MOTEL
- Levels: One
- Area Major: 34771 - St Cloud (Magnolia Square)
- Occupant Type: Owner
- Parcel Number: 09-26-31-5330-000A-0060
- Possession: CloseOfEscrow
- The Range: 0.00
- Zoning Code: ORM1
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