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Gelfand Realty Miami Properties - Commercial

648 MOUNTAIN LK CUT OFF, LAKE WALES, FL 33853

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Commercial -

648 MOUNTAIN LK CUT OFF, LAKE WALES, FL 33853

Sold Price$1,037,500 Asking Price$1,150,000

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  • Days on market:

    7 day(s)
  • Original Price:

    $725,000
  • Price per sqft:

    $117.35
  • Tax Legal Description:

    E. 100 FT OF THE W. 702.26 FT OF THE S. 466.74 FT OF SE1/4 OF SW1/4 LESS MAINTENANCE R/W IN SEC. 27 TWP 29 RNG 27, POLK CO., FL
  • Tax Year:

    2015
  • Property Type:

    Commercial
  • Parking:

    6 to 12 Spaces
  • Roof:

    Metal
  • Cooling Description:

    Central Air
  • Heating Description:

    ElectricCentral
  • Floor Description:

    Laminate TileConcrete
  • Special Listing Conditions:

    None
  • Lot Features:

    Oversized LotCity Lot Fire Hydrant

Description

$1,150,000 • living size area 9800 sqft

Great investment opportunity or business. this property consists of two mini storage buildings with 15,000 sq ft of rental storage. 104 total units, building one has 53 climate controlled units and building two has 51 storage units. also there is a 2000 sq ft auto mechanic shop with three large bays, a reception office with a restroom and a private office with a bath room. there is a large room above the offices that could be converted into living quarters, it is currently being used for storage. the property has an annual gross income of approximately $126,000 with a net annual income of approximately $111,000.

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