3707 Latrobe Drive, Units 430/440 Income Producing Condo FOR SALE

Contact Phone: 
17045401260

UNDER CONTRACT

· Located convenient to Cotswold off Wendover Road across from the Home Depot in Arnold Palmer Center.
· 2,418 sq. ft. comprised of two combined units of 1,209 sq. ft. each.
· Parking on site in front.
· $410,000
· Condo dues $6,200 per year for combined units. ($775 per quarter per unit).
· Taxes are  $2,273.54  per year for combined units.  ($1,136.77 per unit per year).
· Tenant is a long time prosthetics company and starts year 3 of a 5 year lease on June 1, 2022.   Tenant has a 5 year option to renew for 5 additional years.
· Current income  $30,000 per year with 3% increases beginning June 1, 2022 including option years. 
 

Contact Person Name: 
John J Stipp