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Excellent investment opportunity featuring TWO STRONG TENANTS. The STATE OF FLORIDA (DEPARTMENT OF CHILD SUPPORT SERVICES) occupies 8, 882 SF with approximately THREE YEARS REMAINING ON THE LEASE and has expressed interest in EXTENDING FOR 10+ YEARS. The CURRENT OWNER OCCUPIES 6, 880 SF and is open to STAYING OR VACATING based on the buyer’s needs. Additionally, 7, 040 SF OF VACANT OFFICE SPACE is available for lease.
The property also includes a 1, 512 SF SINGLE-FAMILY HOME, currently occupied, which can provide ADDITIONAL RENTAL INCOME. Recent improvements include NEW ROOF (2023), EXTERIOR PAINT (2023), and UPDATED CARPET & INTERIOR PAINT in the State’s office suite.
TOTAL CURRENT GROSS INCOME: $261, 197 ANNUALLY, with potential to increase through lease-up of the VACANT OFFICE SPACE and RESIDENTIAL UNIT.
Situated on a 4. 77-ACRE C-2 ZONED LOT, the property offers approximately 133 PARKING SPACES and excellent potential for OUTSIDE STORAGE OR EXPANDED COMMERCIAL USE.
Ideal for a variety of users, including MEDICAL OFFICES, PROFESSIONAL SERVICES, or SERVICE-BASED BUSINESSES such as ELECTRICIANS, PLUMBERS, AND HVAC CONTRACTORS — especially those needing AMPLE PARKING OR FLEXIBLE OFFICE SPACE
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,700,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $2,160,000 | $2,160,000 | $2,160,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.229% | 6.121% | 6.018% |
| Monthly Tax Payment | $2,340 | $2,340 | $2,340 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $12,264 | $12,950 | $18,082 |
| Total Monthly Payment | $14,729 | $15,415 | $20,547 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.