180 Cherry St Monticello, FL 32344-1929

Property Details for 180 Cherry St

Year built

1999

Construction

WOOD

Lot size

0.14 lot acres

Property size

4,214 SF

Property type

Retail space

APN

00-00-00-0360-0000-0122

APU

36000000122

Description

This exceptional investment opportunity presents a five-unit office building located at 180 S Cherry Street in Monticello, Florida. The property boasts a total of 4,214 square feet situated on a 0.01-acre lot. The building features five individual office spaces, conveniently connected by a breezeway, offering both privacy and accessibility. Two shared bathrooms cater to the tenants, while one unit enjoys the added convenience of a private bathroom. Ample parking is available, with street parking directly in front of the building supplemented by access to a nearby city parking lot. Currently, three of the five units are leased, generating an approximate monthly rental income of $1700. The owner currently occupies two of the units. Each office space is equipped with individual window air conditioning units for climate control. This property presents a solid investment opportunity with existing rental income and potential for future growth. The asking price is $425,000. This is a turnkey operation ideal for an investor seeking a stable, income-producing asset in a convenient Monticello location. The existing tenant base provides immediate cash flow, minimizing vacancy risk. The property's layout and amenities make it attractive to a variety of professional tenants. This is a rare opportunity to acquire a well-maintained, income-generating commercial property in a desirable location.