$249,900

1531 Tamiami Trail S #8a-8n

VENICE FL, 34285

Description

SOUTHBRIDGE OFFICE CONDO ALREADY OCCUPIED AND GENERATING GREAT INCOME!--This 11 unit office building is nearly fully occupied (getting $400 to $500 per unit for most with one getting $675 and another at $650 the last suite is listed at $400 a month plus tax) and with $25,500k going out out a year in expenses (that's CAM, taxes and $200 a month electricity for both floors combined)and $58k currently coming in with one unit still left to rent out, this investment is at a well over 12% cap rate before renting out the last unit. There is a shared waiting room on the first floor along with a shared kitchenette and restroom. The upstairs restroom has a shower built in as well. There are 6 units downstairs including two salons, a counselor and a real estate company. There is a 100 square foot vacancy on the second floor ready for immediate occupancy. There is a BRAND NEW 2018 ROOF. Water is included in CAM fees.

Details

MLS#A4446180
StyleIQWeb_Office Bldg
Sub-TypeResale
StatusPending
Year1986
Days On Site86

Features

SQ Feet3,226
Story(s)1
Units13

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Area Information

StateFL
CountySarasota
CityVENICE
Zip Code34285
Area34285 - Venice
Listing VS Median (in 34285)
Price:
$249,900
low | high
Med:
$289,000
34.353741496599% of Average
SqFt:
3,226
low | high
Med:
748
100% of Average
$ / SqFt:
$77
low | high
Med:
$97
25.309214594929% of Average
On Site:
86
low | high
Med:
103
83.495145631068% of Average
Listing Updated: 12/10/2019
MLS Number: A4446180
Listing Provided By:
Sean Seward P.A.  of  KELLER WILLIAMS REALTY GOLD

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