4630 NW 8th Ter

    Oakland Park, FL 33309
    • $499,000
    • STATUS: Active
    • ON SITE: 310 days
    • MLS #: A10586185
    UPDATED: 20 min ago
    $499,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1973
    County:

    School Ratings & Info

    Description

    The subject property consists of 3,172 square feet of leasable space well situated on a 5,000 SF lot. Property is located in close proximity to I-95 and the Florida Turnpike. True industrial I-1 zoning permits most uses. This property is well maintained, and it is currently occupied by one tenant. The tenant is paying $742.00 a month. The tenant is on a month to month lease and paying below-market rents. This property works perfectly for an owner-user that needs to use 1586 sf or 3172 sf. An investor purchaser can re-tenant this property after closing bringing rents to market rates. Market rent in this area is $13 a square foot net. This new rent will produce $38,400 per year in net income providing a capitalization rate of 7.7% on a Pro-forma basis.

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    Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2019-10-21T06:43:00.097.
    www.topbrickellrealtor.com/homes/90074988

    4630 NW 8th Ter Oakland Park, FL 33309

    • Price: $499,000
    • Status: Active
    • Updated: 20 min ago
    • MLS #: A10586185
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    1973
    Built
    County:
    Broward
    Property Description
    The subject property consists of 3,172 square feet of leasable space well situated on a 5,000 SF lot. Property is located in close proximity to I-95 and the Florida Turnpike. True industrial I-1 zoning permits most uses. This property is well maintained, and it is currently occupied by one tenant. The tenant is paying $742.00 a month. The tenant is on a month to month lease and paying below-market rents. This property works perfectly for an owner-user that needs to use 1586 sf or 3172 sf. An investor purchaser can re-tenant this property after closing bringing rents to market rates. Market rent in this area is $13 a square foot net. This new rent will produce $38,400 per year in net income providing a capitalization rate of 7.7% on a Pro-forma basis.
    Exterior Features

    Parking Total 0 Pool Private YN No Waterfront YN No

    Property Features

    Association YN No Business Type IndustrialWarehouse Space Electric 110 Volts Power Horse YN No Internet Address Display YN Yes Internet Automated Valuation Display YN No Internet Entire Listing Display YN Yes New Construction YN No Property Sub Type Industrial Public Survey Section 15 Senior Community YN No Special Listing Conditions Sale Tax Annual Amount 4684 Tax Year 2018

    Listing courtesy of Re/Max 5 Star Realty.


    Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2019-10-21T06:43:00.097.
     
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