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2401 S State Road 7

$2,100,000

2401 S State Road 7, West Park, FL 33023

Active
Last Updated: 08/15/2024

469 sqft

Building Size

1969

Year Built

Details:
Building Size:    469 sqft
Year Built:    1969
Description:

The subject property is situated on a 17,739 SF lot and has a small 495 SF sales office. Property is currently occupied by a month to month tenant operating as a licensed car dealership. Long term legacy tenant paying under market rent of $8,000 per month gross. The current tenant can vacate with a proper notice allowing space for an owner user looking to move his business.

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Today's Available Mortgage Rates

2401 S State Road 7, West Park, Florida 33023

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Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 05/30/2025
Bank*Lender #1049
5 Year Fixed
25 Year Amortization
Interest rate 5.96% 5 Year Fixed
Mo. Payment$7,548 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 56% LTV $0 Lender fees
Loan Amount $1,176,000 Loan Amount
Details
Bank*Lender #1049
7 Year Fixed
25 Year Amortization
Interest rate 6.09% 7 Year Fixed
Mo. Payment$7,505 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 55% LTV $0 Lender fees
Loan Amount $1,155,000 Loan Amount
Details
Bank*Lender #1049
10 Year Fixed
25 Year Amortization
Interest rate 6.19% 10 Year Fixed
Mo. Payment$7,576 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 55% LTV $0 Lender fees
Loan Amount $1,155,000 Loan Amount
Details
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