Leased Condo in Tiffany Square!

Retail-Commercial for Sale
Catylist Listing ID: 30822948
Property Subtypes: Mixed Use
Building Size (RSF): 1,024 SF
Gross Building Area: See Agent
Sale Price: $229,000
Unit Price: $223.63 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/1/2022

Overview / Comments

Investor alert! Condo for sale in Tiffany Square with tenant in place. Tenant is Key West Subs and has been in place since October 1, 2018 and their lease expires October 1, 2023. The tenant has 2 5-year renewal options. Gross income $19,200. Net income $14,181.21.

PROPERTY HIGHLIGHTS
Tenant in place since Oct 1, 2018
Lease expires Ocober 1, 2023 and tenant has 2 5-year renewal options
Gross income $19,200
Net Income $14,181.21
Cap Rate 6.19%

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Additional Details

Nearest MSA: Punta Gorda
County: Charlotte
Tax ID/APN: 412004726028
Zoning: CG

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,642 23,656 44,602
Median Age: 67.55 58.7 59.35
Households: 1,966 11,850 22,143

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