Property photo 1
2 photos
ActiveMLS# 108385658 days on market

$950,000

214 Emerson Drive NW

Palm Bay, FL 32907

0 BD|0 BA|5,850 SQFT|$162.39/sqft

About This Property

This 100% occupied, five-unit retail asset offers $81,000.00 in annual Pro Forma Gross Income & a consistent history of Tenant occupancy. Existing leases include automatic annual rent increases, providing embedded revenue growth & the potential for increased cash flow over time & at lease renewal. Room for rent increases. The property was recently placed under the management of a highly rated local professional management company, which provides monthly reconciled financial reporting, rent collection oversight, security deposit handling, full-service property management, & even some maintenance! Buyer is solely responsible for conducting all due diligence & independently verifying all property, lease, income, expense, zoning, & operating information. Additional terms, fees, disclosures, & or conditions may apply.

Property Details

Property TypeCommercial
Year Built1991
Lot Size37,462 sqft
Stories1
Price / Sqft$162.39
Days on Market58
MLS Number1083856

Pat Bethel

REALTOR®

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Est. Monthly Payment

$5,714

P&I: $4,804 | Tax: $673 | Insurance: $238

$950,000
%
%
Loan Amount$760,000
Down Payment$190,000

Estimates are for informational purposes only. Tax and insurance amounts are approximations. Contact a mortgage lender for accurate quotes.

Location

214 Emerson Drive NW, Palm Bay, FL 32907

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