Miramar, FL 33023,2320 SW 60th Way

$795,000

Est. payment /mo

$825,000

3.6%
Est.Price: ?

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2320 SW 60th Way Miramar, FL 33023

10,794 Sqft Lot

SOLD DATE : 05/06/2019

Key Details

Sold Price $795,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID A10507660

Sold Date 05/06/19

HOA Y/N No

Year Built 1972

Annual Tax Amount $13,201

Tax Year 2017

Lot Size 10,794 Sqft

Property Description

7,165 square foot industrial building with large fenced in parking lot. Perfect building for your business and excellent investment opportunity for all investors. Property contains three separate warehouse bays with offices, a large 2 bedroom 2 bathroom apartment upstairs and much more. One of the bays is being used as a City approved Church, there is fabric/purse manufacturer, a basic warehouse storage tenant, and large apartment. The total actual gross operating income is $86,400 per year netting $65,299 providing an investor with a strong 7.92% capitalization rate. An investor can raise rents to market rates and increase NOI which would provide a higher capitalization rate of 9.84%. Do not disturb existing tenants or property, all showings are by appointment only.

Location

State FL

County Broward County

Area 3100

Others

Tax ID 514124010790

Financing Conventional

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Listed by RE/MAX 5 Star Realty
Bought with RE/MAX 5 Star Realty
agent

Stephen Michalakos

Senior Real Estate Advisor | License ID: SL3408427

+1(727) 601-8676

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