For Sale
$442,000

327 Ronald Reagan Blvd Longwood, FL 32750

High-Yield Office Suites, 9.6% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a stabilized, multi-tenant creative office building in Longwood, Florida. Located at 327 S Ronald Reagan Blvd, 32750, this single-story, Class C building boasts 100% occupancy since its conversion into office suites in 2021. The property features five individual units, each currently leased for $900 per month, generating a total monthly income of $4,500. The tenant mix includes four licensed massage therapists and one professional office tenant. Each suite is equipped with a private bathroom and kitchenette, providing convenience and functionality for its occupants. The building's strong performance is reflected in its impressive 9.60% capitalization rate and a Net Operating Income (NOI) of $42,435. The asking price for this turnkey investment is $442,000. This is a gross lease property, simplifying management and maximizing returns. The property is offered for sale by owner, presenting a direct and efficient transaction process. This is an ideal opportunity for investors seeking a stable, high-yielding asset in a desirable Florida location. The property's strong tenant base and consistent income stream make it a compelling investment prospect. The recent renovations (2021) ensure the building is well-maintained and ready for immediate income generation. Don't miss this chance to acquire a profitable and low-maintenance investment property.

Highlights

  • $442,000 asking price for a stabilized, Class C, creative office building in Longwood, FL.
  • Gross lease, multi-tenant property with five tenants.
  • 9.60% cap rate with a net operating income (NOI) of $42,435.
  • Five units in a single, one-story building renovated in 2021.
  • For sale by owner.

Property Details for 327 Ronald Reagan Blvd

Property type
Office properties, Office space
Class
C
Year Renovated
2021
Buildings
1
Stories
1
Units
5

Location Insight

City
Longwood
County
Seminole
State
Florida
Latitude
28.6947704
Longitude
-81.345879

FAQs

What type of property is this?
Office property - High-Yield Office Suites, 9.6% Cap Rate
Where is the office property located?
The property is located at 327 Ronald Reagan Blvd Longwood, FL.
What is the asking price?
The asking price for this property is $442,000.
What are key features of this property?
This property features: $442,000 asking price for a stabilized, Class C, creative office building in Longwood, FL.; Gross lease, multi-tenant property with five tenants.; 9.60% cap rate with a net operating income (NOI) of $42,435.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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327 Ronald Reagan Blvd
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