owner financing home - Venice, FL - a single family home

What an opportunity for improvement! This 10, 000 SF building is 100% occupied by long term tenants paying historical rental rates PLUS furher developable/income producing potential from the site. There's 3 phase power (240v), 6 overhead doors, 16ft ceiling height and air compressor lines all available here. Moving rents up to current market levels would increase the cap rate from 5% to around 6% from historic tenants. As the building is located along the SE flank of the site there's also additional space on the lot that could be used for RV parking and/or mini storage, amongst others, subject to planning permission. Great visibility, a new roof in 2007, repainted in 2014, with 3 phase power and high ceilings make this an attractive proposition for someone willing to roll up their sleeves. Bring an offer! All information regarding the property, including but not limited to financial information and projections (e.g., cap rates and valuations) are based on information from a variety of sources including but not limited to public records and owner-provided data. While information is believed accurate, neither the listing agent or broker make any warranty as to its completeness, and...

This property is offered for sale with Owner Financing available. With Owner Financing, owners can offer flexible terms which allow buyers to purchase property without a traditional bank loan. This leaves more room for negotiation on loan terms and approvals.

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Property Info
Property ID208976985
Living Area (sqft)10,000
Property TypeSingle Family Home

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