111 S Collins Street, Plant City, FL 33563
- $2,000,000
- 10,154
- SqFt
- List Price
- $2,000,000
- Status
- Active
- Days on Market
- 35
- MLS#
- S5152355
- Property Style
- Mixed Use
- Year Built
- 1907
- Living Area
- 10,154
- Lot Size
- 11,017
- Acres
- 0.25
- Total Acreage
- 1/4 to less than 1/2
- Legal Subdivision Name
- Florida Railway & Navigation
- Development Name
- Downtown Plant City
- MLS Area Major
- Plant City
Property Description
Trophy Property - Great Investment Property on the corner of S. Collins St. in Downtown Plant City. The property has 8 tenants (3 commercial tenants downstairs and 5 aparments upstairs). The 5 apartments consist of 2 - Two Bedroom Units and 3- 1 Bedroom Units. The 3 tenants downstairs are all on Triple Net NNN Leases paying their share of property taxes, their own maintenance, and utilities. New TPO Roof 3 years ago. Each tenant has their own power meter. $100k in upgrades over the past 3 years. This mixed use building currently generates $13,127/month and $187,368/ annually making it a handsome 5.89% CAP return with no work needed. Profit Day 1!!! Schedule to view this property before it is gone! Private parking lot to the rear included in the sale. Public parking lot across the street assures tenants that their customers will always have plenty of parking.
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Additional Information
- Taxes Annual
- $16227
- Community Features
- No Deed Restriction
- Zoning
- C-1
- Utilities
- BB/HS Internet Capable, Electricity Available, Phone Available
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Brick
- Roof
- Membrane
- Foundation
- Slab
- Pool
- No Pool
- Garage Features
- Ground Level, Shared Parking
- Flood Zone Code
- X
- Parcel ID
- P-29-28-22-5DF-000000-00004.0
- Legal Description
- FLORIDA RAILWAY AND NAVIGATION COMPANY'S ADDITION WEDGE LOT 4 TOGETHER WITH WEDGE LOT 5 LESS S 36.54 FT OF E 10 FT AND E 17.5 FT OF WEDGE LOT 6
Listing courtesy of LUXURY ORLANDO REAL ESTATE. 407-705-7634
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