🌟 Prime Investment Opportunity: Turnkey Office Building Generating 10 CAP! 🏢💼

Description

Welcome to S Highland Ave, where opportunity meets convenience in the heart of Clearwater! This fully occupied six-unit office building offers savvy investors a remarkable 10 CAP return straight out of the gate. 💰✨

Key Property Details:

🏢 Six Fully Occupied Units | 🛁 Three Bathrooms
📏 Total Finished Size: 3,881 Sqft | 🏡 Lot Size: 0.19 Acres
📅 Year Built: 1972 – Solid construction and timeless appeal.
🅿️ Nine Dedicated Parking Spaces – Convenient parking for tenants and visitors.
💼 Zoning: OFFICE – Ideal for various professional uses.
Financial Highlights:

💵 Annual Taxes: $6,109 | 🏠 Market Rent: $6,000/mo – A lucrative investment proposition.
💼 Current Rent Roll: $4,929/mo – Demonstrating immediate cash flow.
💰 Potential for Value-Add: Renovate for market rent potential of $6K/mo or explore resale opportunities for higher returns.
Recent Improvements:

🛠️ Turnkey Ready: Recent updates include new AC, roof, electric panels, paint, and flooring.
🌟 Prime Location: Strategically positioned near downtown Clearwater, ensuring high visibility and accessibility.
Investment Insights:

📈 Exceptional Returns: Similar fully remodeled office buildings in the area have sold for over 1 million.
🏢 Value-Add Opportunity: Potential to increase rental income or enhance resale value through further renovations.