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Key Details
Sold Price $249,900
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 3,226 sqft
Price per Sqft $77
Subdivision South Bridge Park
MLS Listing ID A4446180
Sold Date 01/02/20
Condo Fees $4,707
Construction Status Pending 3rd Party Appro
HOA Y/N No
Year Built 1986
Annual Tax Amount $4,203
Property 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.
Location
State FL
County Sarasota
Community South Bridge Park
Direction S
Interior
Heating Central
Cooling Central Air, Mini-Split Unit(s)
Exterior
Parking Features Common
Utilities Available Public
Roof Type Tile
Building
Foundation Slab
Lot Size Range Non-Applicable
Sewer Public Sewer
Structure Type Block
New Construction false
Construction Status Pending 3rd Party Appro
Others
Ownership Sole Proprietor
Monthly Total Fees $1, 569
Special Listing Condition None
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Bought with KELLER WILLIAMS CLASSIC GROUP