111 S COLLINS ST, PLANT CITY, FL, 33563
$2,250,000
Commercial Sale
Living Area
10,154 Sqft
Lot Size
11,017 Sqft
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.
Property Details
Property Features Property Features
MLS ID: MFRS5147763 Year Built: 1907
Construction Materials: Brick Cooling: Central Air
Country: US County Or Parish: Hillsborough
Direction Faces: East Electric: 200+ Amp Service
Foundation Details: Slab Heating: Central
Listing Agreement: Exclusive Right To Sell Listing Terms: Cash, Commercial Financing
Occupant Type: Tenant Parking Features: Ground Level, Shared Parking
Possession: Close Of Escrow Property Condition: Completed
Property Sub Type: Mixed Use Property Type: Commercial Sale
Road Frontage Type: Alley, Business District, City Street, Main Throrughfare, Turn Lanes Road Responsibility: Public Maintained Road
Road Surface Type: Asphalt Roof: Membrane
Sewer: Public Sewer Showing Requirements: 24 Hour Notice, Appointment Only, Call Before Showing
Special Listing Conditions: None Standard Status: Active
State Or Province: FL Utilities: BB/HS Internet Capable, Electricity Available, Phone Available
Water Source: Public
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