Cross Streets: Dysart & Western APN: 500-20-019-C Zoned: C2Two Buildings Total Apprx Sq/ft: 11,713 sq/ft Lot Sq/ft: 44,596 sq/ft Built: 1979 Block ConstructionPURCHASE PRICE: $450,000Currently listed on the MLS for $550,000. Receive a $100,000 discount by dealing directly with us!!! To View MLS listing Click HereAPPROX PRICE PER SQ/FT: $38.00CLICK HERE FOR PICTURES!Potential Rents: $10,000 per month* -Was previously rented out by a Charter School for 3 years at $10,000 a month as a triple net lease.Details: Classrooms, offices, cafeteria, reception, playground- perfect for charter school or church. Walls can be moved. Last three years leased to Bradly Academy Charter School for $10k mo nnn and prior to that it was a church. Due to a third party donating a larger facility, the Bradly Academy chose to relocate. Fully sprinklered and completely fenced. ILLNESS FORCES SALE. REDUCED FROM $750,000 FOR IMMEDIATE SALE. Near parks, hospital, medical centers, shopping, restaurants, i-10-, and loop 101.Sell to a church, Non Profits, Private Organizations, and Day Cares. Over an Acre of C-2 zoned building with over the 11,000 sqft already in place. We can provide a loose floor plans upon request. Repairs: Items that may need addressing include; drywell, flooring, minor plumbing, paint, a few windows, carpet, cleaning throughout, replace a couple of doors, and ceiling panels.Roof and A/C appear to be in good condition.ROI & Cap Potential: Based on Triple Net Lease. This is what the Seller was getting!$10,000 month income X 12 mo = $120,000 ( gross income ) 20 % expense ratio ( to account for taxes, insurance ect ) 120k X 80% =$96,000 ( a year in Net Income ) $96,000 ( NOI ) / $450,000 ( P.Price ) = 21.3% Potential Cap rate return $120,000 ( Gross Income ) / $450,000 ( P. Price ) = 26.6% Potential ROI
This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.
