Ursula Stemm
(941) 545-6426
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Description
Trophy Property - Great Investment Property on the corner of S. Collins St. in Downtown Plant City. The property has 8 tenants (3 commercial tenants downstairs and 5 aparments upstairs). The 5 apartments consist of 2 - Two Bedroom Units and 3- 1 Bedroom Units. The 3 tenants downstairs are all on Triple Net NNN Leases paying their share of property taxes, their own maintenance, and utilities. New TPO Roof 3 years ago. Each tenant has their own power meter. $100k in upgrades over the past 3 years. This mixed use building currently generates $13,127/month and $187,368/ annually making it a handsome 5.89% CAP return with no work needed. Profit Day 1!!! Schedule to view this property before it is gone! Private parking lot to the rear included in the sale. Public parking lot across the street assures tenants that their customers will always have plenty of parking.
Property Highlights
Property Type: Commercial -
Cooling: Central Air
Heating: Central
Lot Size: 0.25 Acres
Roof Type: Membrane
Stories: 2.0
Taxes: $16,227
Year Built: 1907
General Information
County: Hillsborough
Subdivision: FLORIDA RAILWAY & NAVIGATION
Listed By:
Anthony Giuffrida, PA
LUXURY ORLANDO REAL ESTATE
407-705-7634
MLS ID: S5147763
Property Features
Days on Site: 1
Directions: From I-4 take exit 21 to hwy 39A (Buchman Hwy. Go south on Paul S Buchman Hwy for .3 miles and turn left in 1.13 miles on W. Raynolds St. then gurn right in .1 miles onto N Collins St
Exterior: Brick
Flood Zone Code: X
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Commercial Financing
Lot Dimensions: 0.25
Ownership: Fee Simple
Parking: Ground Level, Shared Parking
Parking Notes: Ground Level, Shared Parking
Property Attached Y/N: No
Property Sub-Type: Mixed Use
Sale Includes: Building(s) and Land, Leases
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Appointment Only, Call Before Showing
Special Sale Provisions: None
Units: 8
Utilities: BB/HS Internet Capable, Electricity Available, Phone Available
Water: Public
Water Access Y/N: No
Zoning: C-1
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111 S Collins Street, Plant City, FL 33563.
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