$795,000
$825,000
3.6%For more information regarding the value of a property, please contact us for a free consultation.
2320 SW 60th Way Miramar, FL 33023
10,794 Sqft Lot
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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Bought with RE/MAX 5 Star Realty