Wholesale

10 Acre Farm with 30,000 s.f. of greenhouses under construction

6650 SW 189th Way, Southwest Ranches, FL 33332

$1,000,000 After Repair Value -
$500,000 Asking Price -
$100,000 Cost of Repairs =
$400,000 Potential Profit

Property Details

Asking Price $500,000

After Repair Value $1,000,000

Costs of Repairs $100,000

Potential Profit $400,000

Living Area 30,000 s.f ft2

Property Type Land

Bedrooms 1

Bathrooms 1

Half Bathrooms 1

Parking 1

Listed with Agent Yes

EPI (Estimated Potential Income)

Potential Rental Income $100

Yearly Expenses $1,000

Property Taxes $12,000

Net Operating Income $100,000

Cap Rate 20%

Property Description

This Agricultural Farm is in the heart of Exclusive Southwest Ranches. Close to Interstate 75 and Griffin Road.

The (3) 9600 s.f. each greenhouses are under construction are hurricane resistant and it\'s pilings are cemented into the ground.

This property is being sold substantially under Fair Market Value for a quick sale.

The existing $400,000.00 mortgage may be assumed.

Contact Owner: David Brandwein (954) 224-2500 or davidbrandwein@earthlink.net

Repairs Needed

Electric used to be at the property site. It has to be reestablished. Greenhouses need to be finished. Sellers have run out of funds and don\'t want to carry the property anymore.

CONTACT LISTING OWNER

david brandwein

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