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The property currently resides in unincorporated Broward County’s jurisdiction which is a benefit for any investors seeking re­development or zoning changes. Subject property maintains an existing right of use agreement with Broward County for exclusive use of additional 5­acre concurrent parcel. The property is currently used for landscaping trucks and equipment storage as well as nursery. There are about 40 month­to­month tenants. The actual gross income is $188,880 and growing monthly. The seller projects to raise the income to over $232,080 by the end of the year. This income will provide an investor with a net return of $196,057 per year. This NOI will yield a strong 10% capitalization rate at a full asking price.
Listed by John DeMarco, RE/MAX 5 Star Realty

Property Details of 5050 Peters Rd

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The multiple listing information is provided by Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2021 Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Data last updated on October 23, 2021

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