We have multiple buildings and income opportunities on this retail agricultural piece of land. The property has been operated as a Junk Yard prior to 1983 when Zoning made changes around it. Auto Salvage and Recycling Yard & Facility grandfathered-in to where they are an auto recycling and salvage while maintain SFH residences in the front part of the property (first 225ft). There are 3 individual SFH’s on the property all rented out and then the huge fenced in open area (after 225 ft) that currently has 1, 000 cars parked and stacked and a garage with multiple lifts and a loader; current owner is moving so the next owner can have the same opportunities as he and previous owners have had. SFH Tenants are all currently month to month but any and all would be happy to sign annual leases but current owner has not forced as to not encumber the property for next owner.
There are multiple ways to make money in this business and it’s a huge cash cow to the buyer that understands. The land/parcel has been grandfathered in and this site specifically licensed and to our knowledge the State of Florida is not granting more of these licenses. We also have multiple uncleared acres in the back as you will notice in the photos we have a wooded area (back/rear 500 ft). The current allowances are able to stack cars two high and fill the entire area inside the fences.
Owner will hold financing for those that don’t have all the cash to purchase outright so inquire about rate and terms with Broker related to minimums down etc. Creative financing and All Offers will be considered.
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Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $559,920 | $559,920 | $559,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 5.990% | 4.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.398% | 6.161% | 5.152% |
Monthly Tax Payment | $242 | $242 | $242 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,402 | $3,353 | $4,391 |
Total Monthly Payment | $3,736 | $3,687 | $4,725 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.