New Listing - 09/24/2024 Price Reduced 5.94%

$3,659,000 ($353.19 per sqft)

Est. Mortgage $18,023/mo *

Quick Pre-Approval

Price History

$3,890,000
9/24/2024

$3,659,000
9/28/2024


531-541 N Us Highway 17 92, Longwood, FL, 32750

531-541 N Us Highway 17 92, Longwood, FL, 32750

0 beds

1973

10,360 sqft

SELLER FINANCE BOTH WITH HALF DOWN!! (More down for just one BDG). BOTH BDGS ARE ON INDIVIDUAL PARCELS! WILL SELL 531 N 17-92 ALONE FOR $1,890,000! TOGETHER FOR $3,659,000! 10 Cap Rate return, which is nearly $400k/yr! This is a Cash Cow! Make your MOOOOOOOOve, and make it yours!! The Cap can go up even more if you fill the 2 vacancies in 531 and even more once the new units in 541 get built!! Growth is imminent, here! ******************************************************************************************************************* SELLER WILL LOWER SALE PRICE BY A FEW HUNDRED THOUSAND FOR A LEASE BACK OF THEIR CURRENTLY OCCUPIED SPACE! ******************************************************************************************************************* Plug N Play Investment!!! Located on the booming US Highway 17-92!! Longwood, FL 32750. For all you out-of-staters dying to get into FL Commercial Real Estate.. this is the ORLANDO MARKET!!! Surrounded by everything!! Close by Everything! You name it, it's not far! ******************************************************************************************************************* BDG 1::: 15 office units! 3360sf. BDG2::: 3 flex space units & 3 separate office units, total of 6 units! 7000sf. So, 21 units grand total! Owner has plans on adding 4 more units in the larger bdg (541). ******************************************************************************************************************* Lots of recent renovations done, as well as the tenants all have long term leases, so your income is guaranteed from day one! Parking lot just redone and resealed!!! Great looking place, even better looking RETURN ON INVESTMENT!!! ******************************************************************************************************************* All pertinent information can be verified under contract: Rent roll, P&L, bank statements, survey, environmental, etc are all available and on hand. As a preliminary... rent roll/ P&L are available, now. Just ask. ******************************************************************************************************************* All information is to be deemed accurate but is at buyer and buyer's agent's discretion to verify all information. Showings by appointment only. DO NOT DISTURB THE TENANTS!


Status:

Active

Type:

Multi-family

Furnished Remarks:

Negotiable

Laundry Remarks:

None

Units:

15

Subdivision:

ENTZMINGER FARMS

Heating:

Electric

Cooling:

Other

Acreage:

1.14

Est. Taxes:

$4,271

Construction

Block

Utilities

Cable Available, Cable Connected, Electricity Available, Electricity Connected, Emergency Power, Fiber Optics, Fire Hydrant, Phone Available, Private, Sewer Available, Water Available

Lot Description:

In County, Unincorporated

Days on Market:

4

Lease Term Type:

3 to 5 Years

MLS #:

O6243672


Community Info

School Info

Walk Score

Yelp



Listing courtesy of WORTH CLARK REALTY Phone: 352-988-7777