It is currently being rented for $2,500 per month, giving an investor a CAP rate of 8% and NOI of $21,700.00 per year after all expenses. This property is strategically located directly on South State Road 7 / 441 and is desirable. It is near the Florida Turnpike and I-95. These unit spaces, measuring 764 SF, can be combined into 1,478 SF. The condo association fees for each unit are a low $250.00 per month per unit, covering water, garbage, and common areas. The MH-Transit Oriented Corridor zoning allows most commercial uses, such as Churches, Bars and Lodges, Nightclubs, Restaurants, Liquor Selling establishments, Retail Stores, and Medical/Dental. It can be sold individually. All showings are by appointment only; call for additional information.
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