5700 FUNSTON ST Hollywood , Florida |
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$ 1,625,000Beds Baths5700 FUNSTON STHollywood , FL 33023
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this property consists of 10,320 square feet of leasable space well situated on a large 15,372 square foot lot. property is zoned im-2 which permits most heavy industrial uses. twin-t concrete roof. all automotive uses allowed. clean phase 2 on file. three property bays are allocated as 2 - 1750 sf, and 2 - 3450 sf. there are currently three tenants.this property is currently grossing $119,365 per year, netting $94,868 per year. when the legacy tenant bay is leased to a new tenant at current market rates, this property will be netting $124,300 which will provide an investor with an above market capitalization rate of 7.65%.
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The data relating to real estate for sale on this web site comes in part from the participating Associations of the Southeast Florida Regional Multiple Listing Service. The MLS data provided for the property above (MLS# A10561425) is provided courtesy of (RE/MAX 5 Star Realty). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Real Estate Web Design By Realty Net Media - IDX Websites