407 Lake Howell Road-The Lake Howell Building
The Lake Howell Building For Sale
Marketing description
FOR SALE BUILDING & BUSINESS : THE LAKE HOWELL BUILDING
Excellent Investment Opportunity
407 Lake Howell Road, Maitland, FL 32751
Strategically located in the City of Casselberry with a prestigious Maitland address.
INVESTMENT HIGHLIGHTS
PRICED FOR QUICK SALE: $1,235,000 (Significant reduction from $1,600,000!)
SELLER FINANCING: Seller may carry a short term First Mortgage!
STABLE IN-PLACE INCOME: Current Net Operating Income (NOI) of $93,000 at a 7.53% Cap Rate.
UPSIDE POTENTIAL: 100% occupied, but current rents are well below market rates—immediate room to increase cash flow.
IDEAL FOR ABSENTEE OWNER OR USER: Perfectly suited for an investor looking for a turn-key operation or a business owner wanting to occupy space while collecting rent.
PROPERTY OVERVIEW
Feature Property Details
Property Type Professional Office / Executive Suites
Total Square Footage 6,117 SqFt
Total Units 24 individual suites (currently rented month-to-month)
Occupancy Rate 100% Fully Rented
Parking Spaces 29 spaces (front and rear parking)
Year Built / Renovated 1959 / Fully Updated & Remodeled in 2010
Layout & Amenities:
3 Furnished Lobbies welcoming clients and visitors.
1 Fully Equipped Kitchen & 5 Restrooms distributed for tenant convenience.
1 Shared Conference Room for professional meetings.
Prime Medical/Professional Corridor: Surrounded by high-traffic doctor and medical offices, located just two blocks from Highway 436.
CONTACT FOR DETAILS & OFFERS
Listed by Baron R. (Barry) Luckenbach, Brokerage
FL License: BK-3199251
Phone: 407-304-7068
Inquiries: Call anytime to discuss financing terms, proforma details, or to request a copy of the survey and floor plan.
All information is deemed reliable but not guaranteed.
Investment highlights
Seller may carry a short term First Mortgage! This building has 24 fully rented suites and would be ideal for an investor or occupy it as a user. The cap rate is 7.53, however RENTS BEING CHARGED ARE BELOW CURRENT MARKET RENTS. The location is very popular. Feel free to call seller (the seller is the broker) anytime 407-304-7068 phone answered live 24/7.
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