531-541 N Us Highway 17 92, Longwood, FL, 32750 | $3,659,000

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!

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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!

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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).
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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!!!

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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.
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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!

Features

  • Units: 15
  • Laundry: None
  • Year Built: 1973
  • Heating: Electric
  • Cooling: Other
  • Approx Sq. Feet: 10,360
  • Acreage: 1.14
  • Est. Taxes: $4,271
  • Lot Desc: In County, Unincorporated
  • Lease Terms: 3 to 5 Years
  • MLS#: O6243672
  • Days on Market: 4 days
  • Website: https://www.raveis.com
    /prop/O6243672/531541nushighway1792_longwood_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 9/28/2024 5:17:08 PM)
Listing courtesy of WORTH CLARK REALTY   Phone: 352-988-7777

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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531-541 N Us Highway 17 92, Longwood, FL, 32750

$3,659,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $2,927,200 $2,927,200 $2,927,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.250% 6.250% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.371% 6.372% 6.182%
Monthly Tax Payment $356 $356 $356
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $18,023 $18,023 $24,701
Total Monthly Payment $18,504 $18,504 $25,182

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.