Kaley Hansen - Coldwell Banker Tony Hubbard
6203 Springer Drive
PORT RICHEY, FL 34668

Description

Building and property were updated in 2017 with new doors, paint, signage, paving and more. it has a very strong history, currently 100% full. 4x10 - 6x10 - 10x20 and 10x30 units. Opportunity for value add through expansion and implementation of tenant insurance program. The front of the building has separate offices attached to the first units. Great for a small business person. Please email or call for additional information or to visit the property. It also offers outside storage for 12 spaces each is 12x35 and they rent for $45.00/mo. Very clean and secure. 24/7 recording from all sides, gates and long term tenants. All tenants have sign month to month Lease Agreements. FRONTAGE on two streets ! The City of Port Richey is business friendly. This property is approved for a 2nd building of 6k sq/ft/ (20x150). This would eliminate the outside storage, but increase the revenues. RE Taxes are $1,900.00/year Property Insurance is under 3k With Wind electric $30.00/mo avg $360.00/yr Water $35.00/mo avg $420.00/yr maintenance & misc. $200.00/yr. total expenses (annually) - - - - - - - - - $5,880.00/yr Gross income is $27,960.00 yr Expenses - - - - - - 5,880.00 yr Net cash $22,080.00 yr With room to expand ! We have a 3/2018 broker Opinion of Value at $385k. Not a "fire sale" simply downsizing and selling off some properties.

Details

MLS#W7803421
StyleIndustrial
Sub-TypeResale
StatusPending
Year1981
Days On Site137

Features

SQ Feet3,737
Story(s)1
ZoningI1

Market Activity 34668

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Area Information

StateFL
CountyPasco
CityPORT RICHEY
Zip Code34668
Area34668 - Port Richey
Listing VS Median (in 34668)
Price:
$339,900
low | high
Med:
$125,000
100% of Average
SqFt:
3,737
low | high
Med:
1,445
100% of Average
$ / SqFt:
$91
low | high
Med:
$88
53.016113894071% of Average
On Site:
137
low | high
Med:
67
100% of Average
Listing Updated: 12/11/2018
MLS Number: W7803421
Listing Provided By:
Shawn Poole  of  SNAP REALTY LLC

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