Description of 6203 SPRINGER DRIVE, PORT RICHEY, FL 34668
Building and property were updated in 2017 with new doors, paint, signage, paving and more. it has a very strong history, currently 100% full. 4x10 - 6x10 - 10x20 and 10x30 units. Opportunity for value add through expansion and implementation of tenant insurance program. The front of the building has separate offices attached to the first units. Great for a small business person. Please email or call for additional information or to visit the property. It also offers outside storage for 12 spaces each is 12x35 and they rent for $45.00/mo. Very clean and secure. 24/7 recording from all sides, gates and long term tenants. All tenants have sign month to month Lease Agreements. FRONTAGE on two streets ! The City of Port Richey is business friendly. This property is approved for a 2nd building of 6k sq/ft/ (20x150). This would eliminate the outside storage, but increase the revenues. RE Taxes are $1,900.00/year Property Insurance is under 3k With Wind electric $30.00/mo avg $360.00/yr Water $35.00/mo avg $420.00/yr maintenance & misc. $200.00/yr. total expenses (annually) - - - - - - - - - $5,880.00/yr Gross income is $27,960.00 yr Expenses - - - - - - 5,880.00 yr Net cash $22,080.00 yr With room to expand ! We have a 3/2018 broker Opinion of Value at $385k. Not a "fire sale" simply downsizing and selling off some properties.
Directions to 6203 SPRINGER DRIVE, PORT RICHEY, FL 34668
US19 North to Springer Drive
Features of 6203 SPRINGER DRIVE, PORT RICHEY, FL 34668
- Block exterior
- Lot acreage is: 0.48
- Lot zoned: I1
- Shingle roof
- Total square feet: 3737.00
- Tax year: 2017
Mortgage Payments for 6203 SPRINGER DRIVE, PORT RICHEY, FL 34668
The approximate monthly Principal & Interest payment for this property would be $1,633. This payment is based on a 30-year loan at a fixed rate of 4.12 % with a down payment of $33,990. Actual lender interest rates and loan programs may vary.
Use our Mortgage Payment Calculator to determine a more exact payment estimate.