Active

$1,599,900

Features:
  • Bedrooms
  • 0 Bathrooms
  • 3460 sq ft
Overview
  • ID: MFRO6389797
  • Bedrooms:
  • Bathrooms: 0
  • Size: 3460 sq ft
Property Details
Remarks
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.
Financial Considerations
Price:
$1,599,900
HOA Fee:
N/A
Tax Amount:
$4553
Price per SqFt:
$462.4
Tax Legal Description:
WLY 300 FT OF NLY 60 FT OF LOT 18 & W 150 FT OF S 12.5 FT OF VACD ST ADJ ON N ENTZMINGER FARMS ADD NO 3 PB 6 PG 27
Exterior Features
Lot Size:
13426
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
N/A
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
N/A
Cooling:
Other
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Retail
Style:
N/A
Year Built:
1973
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    531 N US HIGHWAY 17 92
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