$865,000
$910,500
5.0%For more information regarding the value of a property, please contact us for a free consultation.
2,000 SqFt
SOLD DATE : 01/07/2022
Key Details
Sold Price $865,000
Property Type Commercial
Sub Type Warehouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $432
Subdivision Port Richey Land Co Sub
MLS Listing ID U8141298
Sold Date 01/07/22
Construction Status Inspections
HOA Y/N No
Year Built 1973
Annual Tax Amount $3,640
Lot Size 1.100 Acres
Acres 1.1
Property Description
Great business opportunity, 100% occupied mini storage with 84 units and a Duplex on a separate parcel. This opportunity also comes with an onsite manager, and all the units have had new door seals and also been recently painted. The duplex also has been recently renovated inside with a new septic system and drain field. It is 100% occupied and currently bringing in around $7,500 per month which is $90k per year. Only expenses are taxes and insurance which total is around $10k a year. There is a lot of room for increase of rents as a large portion of the units have not been raised since the late 90's. There is also room for growth as well. Most of the tenants have been there for more than 20 years. This is a great income property with low maintenance. They also recently added a new domain and an online client sign up and payment system great for streamline management of payments and end of year accounting. Hurry this one won't last. Set up an appointment and please do not disturb the tenants thanks. All measurements are approximate buyer to verify.
Location
State FL
County Pasco
Community Port Richey Land Co Sub
Zoning C1
Interior
Cooling Central Air
Flooring Concrete
Appliance Refrigerator
Exterior
Garage Parking Spaces - 6 to 12, Lighted
Waterfront false
Roof Type Shingle
Parking Type Parking Spaces - 6 to 12, Lighted
Building
Story 1
Foundation Slab
Lot Size Range 1 to less than 2
Structure Type Block,Stucco
New Construction false
Construction Status Inspections
Others
Ownership Corporation
Acceptable Financing Cash, Conventional, Private Financing Available
Listing Terms Cash, Conventional, Private Financing Available
Special Listing Condition None
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