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 off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
