This is a great investment opportunity along SW Military Drive. Currently being used for "Right Now Auto Sales". The main building was built in 2022 and is in excellent condition. The second building is approx. 672 SF and was built in 1960, it's in average condition.
In addition to the real estate, there are approximately 130 notes receivable available for purchase.
(these are secured by used vehicles and not included in the asking price of the real estate).
The asking price is not disclosed (we are accepting offers).
? Total principal balance is approximately $1,000,000
? Average interest rate is 23% on the auto notes.
? Average remaining term is 28 months
? Average monthly payment is $387
? Total monthly cashflow from notes is between $40,000-$50,000