$249,900
$249,900
For more information regarding the value of a property, please contact us for a free consultation.
3,226 SqFt
SOLD DATE : 01/02/2020
Key Details
Sold Price $249,900
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 3,226 sqft
Price per Sqft $77
Subdivision South Bridge Park
MLS Listing ID A4446180
Sold Date 01/02/20
Condo Fees $4,707
Construction Status Pending 3rd Party Appro
HOA Y/N No
Year Built 1986
Annual Tax Amount $4,203
Property Description
SOUTHBRIDGE OFFICE CONDO ALREADY OCCUPIED AND GENERATING GREAT INCOME!--This 11 unit office building is nearly fully occupied (getting $400 to $500 per unit for most with one getting $675 and another at $650 the last suite is listed at $400 a month plus tax) and with $25,500k going out out a year in expenses (that's CAM, taxes and $200 a month electricity for both floors combined)and $58k currently coming in with one unit still left to rent out, this investment is at a well over 12% cap rate before renting out the last unit. There is a shared waiting room on the first floor along with a shared kitchenette and restroom. The upstairs restroom has a shower built in as well. There are 6 units downstairs including two salons, a counselor and a real estate company. There is a 100 square foot vacancy on the second floor ready for immediate occupancy. There is a BRAND NEW 2018 ROOF. Water is included in CAM fees.
Location
State FL
County Sarasota
Community South Bridge Park
Direction S
Interior
Heating Central
Cooling Central Air, Mini-Split Unit(s)
Exterior
Parking Features Common
Utilities Available Public
Roof Type Tile
Building
Foundation Slab
Lot Size Range Non-Applicable
Sewer Public Sewer
Structure Type Block
New Construction false
Construction Status Pending 3rd Party Appro
Others
Ownership Sole Proprietor
Monthly Total Fees $1, 569
Special Listing Condition None
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with KELLER WILLIAMS CLASSIC GROUP
Find out why customers are choosing LPT Realty to meet their real estate needs
Learn More About LPT Realty