South Florida Real Estate
Homestead
Kendall
Pinecrest
South Miami
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$340,000
Beds Baths
Miami Gardens , FL 33169
Multi-Family - Active
Subdivision: New World Condo
MLS #: A10604818
Square Ft: 1,764
Year Built: 1971
Taxes: $4,800
Tax Year: 2018
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REMARKS: Financial Estimate: Income $850 /unit. Expenses $202/unit. Taxes $100/month/unit = Net $548/Unit/Month = Total $26.304 Net per year. 4 Units in the same condominium, 4 different folios, all rented and generating over 7% Cap Rate. All Units are 440 sqft each. All are currently rented and condo is always in high demand for rent. Complex very well located near intersection I-95, Turnpike and Palmetto. Ideal for investors looking for units over 7% Cap, with diversification and great potential for appreciation. Only available to show inside during the inspection period, after executing a contract. Since the units are rented you can expect units in good condition.
AMENITIES: Sold "as Is", Currently Under Construction, Concrete Block Stucco, Corporate Owned, Licensed Owner, Tile Flooring, Central Air Conditioning, Central Heat, Lot Size Is 1/4 Acre Or Less, Public Sewer Service, |
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