Prime Commercial Investment Opportunity with Long-Term Tenant
This exceptional commercial property offers a stable and lucrative investment opportunity, featuring a long-term tenant who recently renewed their lease for an additional 3 years. With a current annual rental income exceeding $47,000, this asset provides a reliable revenue stream, with rental income set to increase to over $50,000 by the third year of the lease.
The property is strategically located in a highly sought after area of Lake Asbury, making it an ideal choice for investors seeking consistent returns. The tenant's lease renewal demonstrates a commitment to the location and further enhances the stability of this investment.
Key Highlights:
Long-term tenant with a 3-year lease renewal
Current annual rental income: $47,000+ with an increase to over $50,000 by year 3
This property offers a rare opportunity to secure a solid, income-generating asset with significant upside potential.
91 BRANSCOMB Road, #1 & 2, Green Cove Springs, FL, 32043
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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