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$350,000
Wow! 17% cap rate before leverage ... 54 unit complex! 30 units currently under lease invoicing $2,300 a month now. at full capacity the market rent for this c omplex is $67,000 annually. 70% of leases are currently on credit card auto draft. units have been recently painted, roofs recently sealed, and non- paying tenant s removed. i started marketing thi s property for tenents a month ago and received 4 new leases. must sell now to move onto ano·ther project. this turn key business comes with existing website, facebook page, marketed name, all leases/documents, and will port cell phone to buyer. start making money right away.Commercial - S A ROBINSON ADD
909 ROBINSON, KISSIMMEE, FL 34741
Date Sold 05-15-2020
Sold Price$340,000 Asking Price$350,000
Share by:
- Lot size 20473sqft
- Taxes: Register to see
- Year Built 1984
-
Days on market:
37 day(s) Original Price:
$389,900Tax Legal Description:
S A ROBINSON ADDN PB A PG 010 BLK 1 LOTS 7 & 10 & S 20 FT OF LOT 6Tax Year:
2019-
MLS:
O5843301 -
Property Type:
Commercial
Construction Type:
BlockRoof:
MetalCooling Description:
NoneSpecial Listing Conditions:
None
Description
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