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Miami Commercial Property - Medical Building
711 NW 23 rd. Ave.
Miami, FL 33125
Folio # 01-3134-038-2000
Asking Price : $ 890,000.00
(2008 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 |
| Pharmacy | $ 19,800.00 |
| 8 Offices (rented) | $ 82,476.00 |
| 3 Vacancies(projected) | $ 30,900.00 |
| NET INCOME | $ 133,204.00 |
| YEARLY EXPENSES |
| F P L | $ 5,600.00 |
| Water & Sewer | $ 4,300.00 |
| Trash Collection | $ 6,500.00 |
| Elevator Services | $ 2,600.00 |
| Maintenance/Janitorial | $ 7,200.00 |
| Maintenance other | $ 4,000.00 |
| RE Taxes 2008 | $ 16,900.00 |
| Insurance | $ 14,600.00 |
| PROJECTED EXPENSES | $ 68,000.00 |
| NET OPERATING INCOME | $ 65,204.00 |
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