Well established strip mall for sale on busy UXS #1 (Ridgewood Ave). 4 tenants, 6 units, 6 meters. Tenants pay their own electric and pay rent plus (water,sewer,garbage,common area maintenance, sales tax). `Each unit has its own Central AC. 14 parking spots. 4 bathrooms plus plumbing for 2 more. Base rent is per month is $3,050.Total rent collected per month is $5258. Insurance ($2621) and property taxes ($4895) paid by owner. Well located across from the Sunshine Mall. Some tenants have been there for 15 years. All tenants are on a month to month. This building can be purchase with 2355 Ridgewood next door for a total of $125000. There is a retention pond behind the building
2335 S Ridgewood AVENUE, South Daytona, FL, 32119
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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