West Park, FL 33023,2408 SW 57th Ter

$480,000

$499,000

3.8%
Est.Price: ?

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Est. payment /mo

5,391 Sqft Lot


SOLD DATE : 05/03/2019

Key Details

Sold Price $480,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID A10507377

Sold Date 05/03/19

HOA Y/N No

Year Built 1974

Annual Tax Amount $6,724

Tax Year 2017

Lot Size 5,391 Sqft

Property Description

Great warehouse located in desirable West Park Florida, Hollywood area. Building has 2 legal bays with separate electric meters, 2 roll-up street level doors and 16' ceilings. Seller financing is available with 50.0% down payment, subject to buyer's qualifications. Current tenant is paying $2,100 a month including sales tax for both bays. Market rents in this area are $15 per sq ft or $1,900 per month plus sales tax for each individual bay. This property has substantial financial upside and an investor can re-tenant this property at a market rent which will yield a 7.29% capitalization rate. This building is also a great choice to relocate your business to and perfect for an owner-user. Do not disturb existing tenant. For additional information contact the listing broker.

Location

State FL

County Broward County

Area 3080

Others

Tax ID 514124020731

Financing Cash

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Listed by RE/MAX 5 Star Realty
Bought with Central Commercial Real Estate

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