2588 Connection PointOviedo, FL 32765MLS Number O5942619

  • Price: $775,000
  • 568 Days on Market
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Federal 30-year interest rate: 6.58% last updated on Nov 23, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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2588 Connection Point Oviedo FL 327652588 Connection Point Oviedo FL 327652588 Connection Point Oviedo FL 327652588 Connection Point Oviedo FL 32765
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  • 0.01Acreage
  • 2008Year Built
  • 4,125Square Feet
All four (4) units sold as a package: Unit 1102: 687sf office; Unit 1110: 687sf office warehouse (367sf office / 320sf warehouse) $14/sf month to month ($9,625/yr); Unit 1126: 1,375sf office warehouse (275sf office / 1,100sf warehouse); Unit 1138: 1,375sf office warehouse (275sf office / 1,100sf warehouse); Unit 1102, 1126 and 1138 leased to the same tenant for over 12 years. $11.40/sf Initial Term expires March 2024 - lease rate to be renegotiated at end of Initial Term (current market rate is $15/sf - $16/sf modified gross). Tenant desires to stay.....may be able to renegotiate lease prior to property purchase; Unit 1110 is currently leased month to month - great for possible owner user purchase! All 4 units leased for $48,800 in 2022, with cap rate approx. 5.25%. If the 3 units leased to same tenant are renegotiated to $15/sf market rate, annual income jumps to $61,180 (approx. 7.9% cap rate). 12' roll up doors, 22ft max ceiling height. All units are completely under air. 2021 ANNUAL EXPENSES FOR THIS BUILDING $3,251.00 RE Taxes $1,050.00 Building Insurance $1,080.00 Dumpster $240.00 Electric $1,500.00 Landscaping $700.00 Water
Listing Courtesy of RATCLIFF PROPERTIES

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Location Information

  • Road Frontage["County Road"]

Basic Information

  • Property SubTypeWarehouse

Building

  • Building Area Source Owner
  • Garage Spaces
  • MFR Ceiling Height 16 to 22 Feet
  • MFR Garage Door Height 12'
  • Year Built2008

Water Body

  • MFR Water Access YN No
  • MFR Water View YN No

Basic Information

  • List Price$775,000
  • MLS NumberO5942619
  • Mls Status Active
  • StatusACT

Property

  • Living Area 4125
  • ZoningPCD

Utilities

  • Cooling Central Air

Property Information

  • Acreage0.01
  • Construction Materials Metal Frame, Metal Siding
  • Lot Size Square Feet 636
  • MFR Converted Residence YN No
  • MFR Total Acreage 0 to less than 1/4
  • Square Feet4,125

Tax Information

  • Fees$4,620
  • Tax Year 2021
  • Taxes$705

Location

  • Address2588 Connection Point
  • AreaOviedo
  • Building Number2588
  • CountySeminole
  • Directions South on sr 426 (aloma) 1/2 mile past chapman road to right on connection point. Connection point to property on left.
  • StateFL
  • StreetConnection
  • SubdivisionMaple Leaf Commerce Center A Condo
  • TownOviedo
  • Township 21
  • Zip32765

Other

  • Date Listed05/07/2021
  • MFR Condo Fees $385
  • MFR Condo Fees Term Monthly
  • MFR Flood Zone Code x
  • View Count38
Fusilier Realty Group
Fusilier Realty Group
Office: 407-281-8455
10016 Wellness Way
Orlando, FL 32832

Based on information submitted to StellarMLS as of November 26, 2022 . All data is obtained from various sources and has not been, and will not be, verified by broker or StellarMLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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