Investment Opportunities like this don’t come around every often, so when they do you must act quickly! The buildings are 100 & 120 Alexandria Blvd., and are one project with 24 individual units, 17 bathrooms and a total of 22,914 Sq. Ft. of rentable space. This Oviedo Business Center is 100% occupied, has hefty cash flow, no capital expenditures, some recently renewed long term leases to give you security, and some upcoming opportunities to increase rents to further increase Income returns. What more could you ask for!
Purchase Price: $4,100,000
Annual Gross Rental Income: $428,160
Annual Expenses: $43,284
Net Operating Income (NOI): $284,876
Cash Flow: $142,806.48
Cash on Cash: 42%
CAP Rate: 9.39%
Capital Expenditures: $0
Close By Date: July 31, 31, 2020
Terms
This property is available via our “Assignment Program”. We have entered into a purchase contract with the current owner to buy the property. We will sell our equitable interest in this contract to a third party via assignment for a fee. A local, reputable title company and/or attorney will be enlisted to handle the closing and transfer of title.”
All properties are sold for cash or hard money on a “First Come, First Served basis”. Buyers responsibility to do your own due diligence and verify all information. Prices are NET to seller with buyer paying all closing costs, including any Agent/Broker commissions. Opinions of value/rents are given as a courtesy and no guarantees are expressed or implied. A minimum of $3,000 deposit and fully executed assignment agreement required to secure the property. Our properties move fast so contact us quickly if you have an interest in purchasing this property.