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. REDUCED FROM $1,600,000!! Feel free to call seller (the seller is the broker) anytime 407-304-7068 phone answered live 24/7.
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