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Miami Commercial Property - Medical Building
711 NW 23 rd. Ave.
Miami, FL 33125
Folio # 01-3134-038-2000
Asking Price : $ 1,200,000.00
(2006 Assessed Value $ 765,000.00)
Three stories building with 11 offices of approximately +/- 725 - 750 Sq Ft, each, plus a 1,500 Sq Ft Pharmacy on the ground floor.
Total rentable area : +/- 9,750 SqFt, and 23 parking spaces. 13,000 SqFt corner lot and 11,469 SqFt office building
All offices with individual air conditioning, one bathroom and electrical meters. Lobby bathroom (one women=s and one men=s) in 2nd and 3rd floor.
| YEARLY INCOME (2006) |
| Pharmacy | $ 19,800.00 |
| 11 Offices (rented) | $ 104,652.00 |
| No vacancies last 3 years |
| NET INCOME | $ 124,452.00 |
| YEARLY EXPENSES (2006) |
| F P L | $ 6,200.00 |
| Water & Sewer | $ 1,800.00 |
| Trash Collection | $ 4,800.00 |
| Elevator Services | $ 2,100.00 |
| Maintenance/Janitorial | $ 7,200.00 |
| Maintenance other | $ 4,000.00 |
| RE Taxes 2005 | $19,300.00 |
| Insurance | $ 9,300.00 |
| PROJECTED EXPENSES | $ 54,700.00 |
| NET OPERATING INCOME | $ 69752.00 |
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