New Roof and AC in this Fully Rented commercial space in Titusville, FL

DOUBLE DIGITS RETURNS FROM DAY ONE

Purchase Price: $569,900

New Purchase Price: $469,900

Heated SQFT: 4,000

Total SQFT: 4,400

Lot Size: 0.26 Acres

4 Suits, 4 Bathrooms 

Year Built: 1984

Other information:

New roof, AC - zero repairs needed

Fully rented by the Same tenant - A bakery that supplies to ten bagels location and a bagel show.

Asset is in excellent condition; no repairs are required. 

Current Annual Rental Income, including CAM: $63,173

Property Tax: $6,000

Insurance: $5,500 

Landscaping: $825

Trash: $3,500 

NOI: $50,937

Cash ROI: 11.0%

Important notes:

• 5% annual increase build in the leases  
• Tenants pay for All interior repairs and utilities. Cam is paid by the bagel shop.
• Bakery supplies to more than ten shops in the area 
• The upside should come from a rent increase to a bakery and CAM implementation upon renewal.