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THREE ADJACENT INCOME-PRODUCING RETAIL UNITS located in a co-op shopping strip in the desirable and growing West Sunrise area. Fully occupied with long-term, reliable tenants and strong income potential. Units 14, 15 & 16 may be purchased together for $460, 000 (approx. 2, 255 sq. ft. ). Units 14 & 15 must be sold together for $306, 666. 66, while Unit 16 may be sold separately for $153, 333. 33. Maintenance dues of $268. 07 include common area lighting, property maintenance, general liability insurance, and flood insurance. Located one block north of Sunrise Blvd with convenient access to major roadways and surrounding residential communities. Current tenants are on month-to-month leases, offering flexibility for investors or future owner-users. Units may be purchased together or separately as outlined in the listing. Units 14 & 15 must be sold together. Unit 16 may be sold separately. All units are currently occupied by long-term tenants on month-to-month leases. Great opportunity for investors seeking income-producing retail space or future owner-users seeking flexibility. Maintenance dues include common area lighting, exterior maintenance, general liability insurance, and flood insurance. Buyer to verify all measurements, association information, and permitted uses. Showings by appointment only. Please do not disturb tenants.
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$153,333
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $122,667 | $122,667 | $122,667 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | $265 | $265 | $265 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $755 | $775 | $1,019 |
| Total Monthly Payment | $1,095 | $1,115 | $1,359 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.