544 W HWY 90, Crestview, FL 32536 (MLS# 756976)

544 W HWY 90, Crestview, FL 32536

$230,000

Property Type: Commercial for Sale Lot Size (sq. ft.): 22,216 Status: Sold

Current Price: $259,900 List Date: 7/14/2016 Last Modified: 10/12/2024

Description

A-1 Storage consists of 67 Units and is 100% Occupied. The owner manages the property himself, and all tenants have access to gate code to enter the property. Two (2) 10x10 units are occupied by seller, and they will move out upon title transfer. The owner increased rates this past year, and the stabilized/increase revenue is projected to exceed $48,000 for YTD 2016 Gross. The forecasted NOI for 2016 is scheduled to be $38,120; inclusive of $1,444 in turn-over vacancy and $8,190 in annual expenses.

More Information MLS# 756976

Contract Info

Listing Board: Emerald Coast List Date: 2016-07-09 List Price: $259,900

Location, Tax and Legal

Sub Area: 2503 - Crestview Northwest Property Name: A-1 STORAGE Legal Description: OAKCREST F/G PLAT #1,COM NE COR OF NW1/4 W 146.25FT,S 76.51 FT TO POB S 51.74 FT W,14 FT S 4 DEG E 165.3 FT TO,R/W W ALG R/W 100.92 FT N 2DEG,W 63.44 FT N 20 DEG W 6.49 FT,N 8 DEG W 40.95 FT N 5 DEG W,90.73 FT N 19 DEG E 8.06 FT N,60 DEG E 16.9 FT E 103.67 FT,TO POB

General Property Info

Listed on GCCMLS: Yes Lot SqFt: 22216 Lot Depth: 220 Zoning: COMMERCIAL Lot Frontage: 100 Acreage: 0.51

Listing Info, Tax & Legal

As Is: Yes

Remarks & Misc

Remarks: A-1 Storage consists of 67 Units and is 100% Occupied. The owner manages the property himself, and all tenants have access to gate code to enter the property. Two (2) 10x10 units are occupied by seller, and they will move out upon title transfer. The owner increased rates this past year, and the stabilized/increase revenue is projected to exceed $48,000 for YTD 2016 Gross. The forecasted NOI for 2016 is scheduled to be $38,120; inclusive of $1,444 in turn-over vacancy and $8,190 in annual expenses.

Class

Income Producing: 1

Construction Status

Existing: 1

Income Producing

Year Built: 1996 Building SqFt: 6710 Price P/SqFt: 41.72 Annual Gross Income: 38448 Expenses: 8190 Net Operating Income: 30258 Cap Rate: 10.8 Property Type: Other (See Remarks)

None

Current Price: $230,000

Status Change Info

Status: Sold Under Contract Date: 2017-03-01 Sold Date: 2017-03-10 Sold Price: $230,000

Location Tax and Legal

Area: 25 - Crestview Area Street #: 544 Street Direction: W Street Name: HWY 90 State: FL Zip Code: 32536 County: Okaloosa Parcel ID: 18-3N-23-1800-0000-002C

Property Features

Class: Income Producing Construction Status: Existing

Listing Office: NBI Properties Inc

Last Updated: October - 12 - 2024

All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.