2320 SW 56th Ter $725,000
- 2,364 sq. ft.
- 0.12 Acres
- Commercial
- MLS# A11160714
Listing provided courtesy of: RE/MAX 5 Star Realty
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Property Details
Industrial warehouse located in desirable West park, Florida consisting of 2,364 square feet of leasable space sitting on a 5,391 square feet lot. This building has a small office of 100 square feet, 2 drive ??in roll??up doors and 11' ceilings. Desirable M??2 heavy manufacturing zoning which allows for most industrial uses including automotive. This property is currently 100% leased. The current tenant is paying $2,500 for the warehouse and additional $1,200 for the lot. Gross annual income is $44,400, net is over $36,985 a year. This income provides an investor with a strong 5.1% capitalization rate. The tenant has a new 2 year lease.
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General Features
- Waterfront Y/N false
- Year Built 1963
- Association Y/N false
- Private Pool Y/N false
- Senior Community Y/N false
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Building Features
- Building Area Total 2364
Contact
Neighborhood
33023 (West Park) Demographics
36 Median Age
7,612 Population Density (per sq. mile)
28% College Educated
$54,759 Estimated Median Income
13,816 Estimated Total Home Owners
6,818 Estimated Total Renters
67% / 33% Estimated Owner / Renter Divide
4 Estimated Average Household Size
74,913 Total Population
Community data courtesy of LiveBy, Inc.
Market Last 30 Days In This Postal Code
$410,000
Median Sales Price
35
Homes Sold
72
New On Market
Average Days on Site
Properties for Sale
Calculations provided by Reliance Network
Property History
| Date | Price |
|---|---|
| -- | New Value: $725,000 |
| 2/14/2022 2:09:00 PM | New Value: $725,000 |
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** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
All rights reserved by the Miami MLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. Data may not be reproduced or redistributed and may not be used for any purpose other than individual consumer's use.
Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.
Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.