Active

$2,000,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 10154 sq ft
Overview
  • ID: MFRS5152355
  • Bedrooms:
  • Bathrooms: 0
  • Size: 10154 sq ft
Property Details
Remarks
Trophy Property - Great Investment Property on the corner of S. Collins St. in Downtown Plant City. The property has 8 tenants (3 commercial tenants downstairs and 5 aparments upstairs). The 5 apartments consist of 2 - Two Bedroom Units and 3- 1 Bedroom Units. The 3 tenants downstairs are all on Triple Net NNN Leases paying their share of property taxes, their own maintenance, and utilities. New TPO Roof 3 years ago. Each tenant has their own power meter. $100k in upgrades over the past 3 years. This mixed use building currently generates $13,127/month and $187,368/ annually making it a handsome 5.89% CAP return with no work needed. Profit Day 1!!! Schedule to view this property before it is gone! Private parking lot to the rear included in the sale. Public parking lot across the street assures tenants that their customers will always have plenty of parking.
Financial Considerations
Price:
$2,000,000
HOA Fee:
N/A
Tax Amount:
$16227.37
Price per SqFt:
$196.97
Tax Legal Description:
FLORIDA RAILWAY AND NAVIGATION COMPANY'S ADDITION WEDGE LOT 4 TOGETHER WITH WEDGE LOT 5 LESS S 36.54 FT OF E 10 FT AND E 17.5 FT OF WEDGE LOT 6
Exterior Features
Lot Size:
11017
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
Ground Level, Shared Parking
Roof:
Membrane
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
Central
Cooling:
Central Air
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Mixed Use
Style:
N/A
Year Built:
1907
Construction Type:
Brick
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
East
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    111 S COLLINS ST
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