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Robin Drulard

Capital Commercial Real Estate Group

Office Phone: 954-455-3366247

Cell Phone: 646-246-6867

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Published on: Friday, June 27, 2014 4:34:03 PM
Updated on: Friday, June 27, 2014 4:34:03 PM
Purchase with B2B
Purchase with B2B
 Purchase with Business to Business
Quick Glance

Listing ID: CL-Florida-30915

Status: Accepting Offers

Financing: No Financing Available

Occupancy: 0%

Year Build: 1974

 

Building Size: 13,422 SqFt

Lot Size: 31,364 SqFt.

No of Stories: 2

No of Parking: 0

Business Available for Sale: No

Is Net Lease Investment: No

Property On Ground Lease: No

Building Status: Existing

 Details

Offer to Millionaire Club: No

Listing Summary: Capital Commercial Real Estate Group, Inc is proud to market this 16 unit Class C property for $105,000 per unit. These two story buildings were built in 1974 and have undergone numerous upgrades including new concrete roofs in 1998. The asset consists of two separate buildings, totaling 13,422 square feet and are situated on two parcels of land which come to a total of 31,364 square feet. All units have two bedrooms and one and a half baths. This is a turnkey opportunity, boasting historically low vacancy rates. This asset is also a wealth sheltering investment, providing a stable cash flow and favorable returns. The properties are centrally located within a mile of Parks, Shopping, Restaurants, Highway 1 and I-95.

Acquisition Option Selected: Traditional Purchase

Cap Rate (%): 6

Commission Split (%): 2

Complete Details


Year Build: 1974

Building Size: 13,422 SqFt.

No of Stories: 2

Total Lot Area: 31364.00 SqFt.

No of Parking: 0

No of Total Units: 16

Property Current Status: Normal Sale

Building Status: Existing

Heating and Cooling: Not Specified

Building Class: Not Specified

Property on Ground Lease?: No

Net Lease Investment?: No

Business Price Included?: No

Roofing: Not Specified

Occupancy: 0%

Full Description


Capital Commercial Real Estate Group, Inc is proud to market this 16 unit Class C property for $105,000 per unit. These two story buildings were built in 1974 and have undergone numerous upgrades including new concrete roofs in 1998. The asset consists of two separate buildings, totaling 13,422 square feet and are situated on two parcels of land which come to a total of 31,364 square feet. All units have two bedrooms and one and a half baths. This is a turnkey opportunity, boasting historically low vacancy rates. This asset is also a wealth sheltering investment, providing a stable cash flow and favorable returns. The properties are centrally located within a mile of Parks, Shopping, Restaurants, Highway 1 and I-95.

Actual - Cash Flow


Cash Flow Year Gross Income Effective GrossIncome Operating Expenses Net Operating Income Pre Tax Cash Flow Cap Rate
2013
$155,040.00
$0.00
$54,321.00
$100,719.00
$0.00
0%
Cash Flow for Current Listings
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