7701 Davie Road Extension,Office/Retail, Office, Professional, Mixed Use, Office Space, Residential-Multi-Family

7701 Davie Road Extension, Davie, Florida, 33024

Price $3,150,000.00

  • Lot size 30670
  • Year Build 1975
  • Waterfront
  • Zip 33024
  • Style
  • Parking Description Common, Guest
  • Pool Yes
  • Status Active
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Description

Great opportunity! Mixed use building. 12 Total Units (6 Office spaces and 6 Residential apartments). Excellent condition. Vinyl wood flooring in most of the building. Plumbing and Electricity recently updated. First floor is actually rented as two separate Offices with one of them occupying 5 bays. Second floor has four 2bed/1bath, and two 2bed/2bath apartments. 100% Occupancy giving a Cap.Rate of 5.5% over Investment (see attached file). Long Term Commercial Leases and 1 year Residential Leases. Huge lot (30,670 sf) with 38 parking spaces for the front office and 16 spaces in the back for the apartments. Separated FPL meters. Please, do not contact or disturb Tenants. Showings will be scheduled after an offer is accepted. No interior visits allowed, only drive by for the moment.

Please, do not contact or disturb Tenants. Showings will be scheduled after an offer is accepted. No interior visits allowed, only drive by for the moment.

DRIFTWOOD ESTATES NO 6 48-8 B PARCEL B LESS WLY 20 & THEREOF & LESS RD,LOTS 3,4 & 5 BLK 4

Corner Lot

Great opportunity! Mixed use building. 12 Total Units (6 Office spaces and 6 Residential apartments). Excellent condition. Vinyl wood flooring in most of the building. Plumbing and Electricity recently updated. First floor is actually rented as two separate Offices with one of them occupying 5 bays. Second floor has four 2bed/1bath, and two 2bed/2bath apartments. 100% Occupancy giving a Cap.Rate of 5.5% over Investment (see attached file). Long Term Commercial Leases and 1 year Residential Leases. Huge lot (30,670 sf) with 38 parking spaces for the front office and 16 spaces in the back for the apartments. Separated FPL meters. Please, do not contact or disturb Tenants. Showings will be scheduled after an offer is accepted. No interior visits allowed, only drive by for the moment.

City:Davie,Zoning:B-2,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2020,Flooring:1:Tile,2:Vinyl,Cooling Y N:1,Heating Y N:1,Lease Term:1 To 3 Year Lease,List Price:3150000,Listing Id:A11004815,Mls Status:Active,Year Built:1975,Inclusions:Building & Land, Leases,Postal Code:33024,Street Name:Davie Road Extension,Coordinates:1:26.0357782,Photos Count:26,Business Type:1:Residential-Multi-Family,Days On Market:250,Listing Terms:1:Conventional/Refinance,2:Other Terms,Lot Size Units:Square Feet,On Market Date:2021-02-26,Other Expense:12804,Parcel Number:514103090330,Parking Total:54,Property Type:Commercial Sale,Stories Total:2,Street Number:7701,Trash Expense:3615,Public Remarks:Great opportunity! Mixed use building. 12 Total Units (6 Office spaces and 6 Residential apartments). Excellent condition. Vinyl wood flooring in most of the building. Plumbing and Electricity recently updated. First floor is actually rented as two separate Offices with one of them occupying 5 bays. Second floor has four 2bed/1bath, and two 2bed/2bath apartments. 100% Occupancy giving a Cap.Rate of 5.5% over Investment (see attached file). Long Term Commercial Leases and 1 year Residential Leases. Huge lot (30,670 sf) with 38 parking spaces for the front office and 16 spaces in the back for the apartments. Separated FPL meters. Please, do not contact or disturb Tenants. Showings will be scheduled after an offer is accepted. No interior visits allowed, only drive by for the moment.,Structure Type:1:Office,2:Professional,County Or Parish:Broward County,Expiration Date:2022-02-25,Private Remarks:Please, do not contact or disturb Tenants. Showings will be scheduled after an offer is accepted. No interior visits allowed, only drive by for the moment.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,New Taxes Expense:33949,Parking Features:1:Guest,Postal Code Plus4:2515,Special Licenses:1:County Licenses,2:Occupational Licenses,State Or Province:FL,Tax Annual Amount:33949,Unparsed Address:7701 Davie Road Extension, Davie FL 33024,Building Features:1:Exterior Lighting,2:Laundry Facilities,3:Rear Access,4:Storage,Insurance Expense:16788,Listing Agreement:Exclusive Right To Sell,Operating Expense:76217,Security Features:1:Smoke Alarm,2:Smoke Detector(s),Year Built Details:Resale,Building Area Total:11979,Building Area Units:Square Feet,Lease Considered Y N:1,Lot Size Square Feet:30670,Number Of Buildings:1,Original List Price:3150000,Public Survey Range:51,Documents Available:1:Investment Analysis,2:Copy Of Lease(S),3:Photos,4:Rent Rolls,I D X Participation Y N:1,Maintenance Expense:9061,Net Operating Income:172244,Syndication Remarks:Great opportunity! Mixed use building. 12 Total Units (6 Office spaces and 6 Residential apartments). Excellent condition. Vinyl wood flooring in most of the building. Plumbing and Electricity recently updated. First floor is actually rented as two separate Offices with one of them occupying 5 bays. Second floor has four 2bed/1bath, and two 2bed/2bath apartments. 100% Occupancy giving a Cap.Rate of 5.5% over Investment (see attached file). Long Term Commercial Leases and 1 year Residential Leases. Huge lot (30,670 sf) with 38 parking spaces for the front office and 16 spaces in the back for the apartments. Separated FPL meters. Please, do not contact or disturb Tenants. Showings will be scheduled after an offer is accepted. No interior visits allowed, only drive by for the moment.,Listing Contract Date:2021-02-26,Originating System I D:miamire,Showing Instructions:Other Showing Instruction,See Broker Remarks,Street Number Numeric:7701,Tax Legal Description:DRIFTWOOD ESTATES NO 6 48-8 B PARCEL B LESS WLY 20 & THEREOF & LESS RD,LOTS 3,4 & 5 BLK 4,Electric On Property Y N:1,Gross Scheduled Income:254011,Public Survey Township:51,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2%,Contract Status Change Date:2021-02-26,Internet Address Display Y N:1,Number Of Units In Community:12,Internet Consumer Comment Y N:1,Transaction Broker Compensation:2%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,Internet Automated Valuation Display Y N:1,

  • Price $3,150,000.00
  • Price Change: 2021-02-25
  • Lot size sq. ft.
  • Price per sq.ft.
  • Year Build 1975
  • Waterfront
  • View
  • Pool Yes
  • Style
  • Construction
  • Parking Description Common, Guest
  • Flooring Type Carpet, Tile, Vinyl
  • Property Type Commercial Sale
  • Status Active
  • Listed 2021-02-25
  • Days on Market 281
  • Furnished
  • City Davie
  • Zip 33024
  • State Florida
  • Subdivision
  • Development Name
  • HOA Fees
  • Taxes 33949
  • Taxes Year 2020