This is a very nice investment opportunity, the building is currently Lease with a remaining term of about 18 months the current annual rent is $33,750 plus tenant pay property taxes, Insurance and all utilities. The property is being offered at 9% cap Rate.
Financial Considerations
Price:
$375,000
HOA Fee:
N/A
Tax Amount:
$1749.01
Price per SqFt:
$166.67
Tax Legal Description:
LA VILLA GARDENS UNIT 1 PB 11 PG 76 NORTH 80 FT OF SOUTH 215 FT OF TRACT B OR 7219 PG 521