Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1973
Sq.Footage
3,460
12.5 CAP RATE!!! ?? ############################################################################################# 15-Unit C-2 Zoned retail plaza. Located on a busy 6-Lane Hwy! Fully leased right now and with 1 owner occupied space (owner will stay and pay), and still has over $200k NOI right now! ############################################################################################# This is a chance to own a commercial property without having to fall on your face with rejection from banks!! Most banks want 30pct or more as a down payment, tax returns, excellent credit, etc. Many private money and hard money lenders want 40-50pct down and rates are high as the clouds fly, at around 12-15 pct plus 2-6 pct loan origination! That is nearly 20 pct for the first year! What a waste!!! ############################################################################################# Put just 25pct DOWN PAYMENT ($399,975) and with a low interest rate of just 9.9pct ($9,899 monthly payment) with a balloon payment in 5 years. ############################################################################################# Even after debt service, you can cash flow $80k/year at the current occupancy (one owner occupied office)!! And it will only get better from there with leases having annual rent escalations BUILT-IN. Invest less than $400k down and get back $80k/ year!!!! Or, pay cash and sky is the limit!! It is a great investment no matter which way you look at it! All while your asset is constantly appreciating, and even more since the area is really changing a lot as of lately. ############################################################################################# Contact me today and let’s get the ball rolling in your direction.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Other
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Block
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.3
-
Property Type
Commercial Sale
-
Property Sub Type
Retail
Price
-
Sales Price
$1,599,900
-
Tax Amount
$4,553
-
Sq. Footage
3, 460
-
Price/SqFt
$462
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Foundation Details
Slab
-
Ownership
Corporation
-
Tax Lot
18
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Location
County
Seminole
Elementary School
Middle School
High School
Listing Courtesy of DuNaMis Dunn , REALTY HUB
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