Well established strip mall with the Landmark Clock Tower across from busy Sunshine Mall. Tenants are moth to month and have been there for years and years. Base rent for building is $2267 and tenants pay extra for water, sewer, garbage, common area maintenance and sales tax equalling $3438 per month. All units are always rented. Owner pays insurance $2378 and taxes of $4208 for 2023. Great downtown location with well maintained building. This cproperty can be purchase with 2335 S Ridgewood next door for total of $1250000
2355 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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