Price $
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Posted: Thursday, August 31, 2017 8:28 AM


Two parcels in one package! One parcel contains four buildings with 15. Building across the street, which currently operates as 5 units, has recently been permitted for 3 units. The owner is adding an additional electric meter to be completed by July. Once completed, there will be one 1 bedroom and two 2 bedroom units.
Both properties are 100% occupied with upside potential. Terrific cap rate of 7%. Income can be easily increased with a modest rent increase. All units are secured with 1 month security deposit and are mostly on 1 year leases. There are two longer term tenants on month to month. Owner says that laundry could be raised 20% to $1.50/cycle. For additional information, 954-455-3366.

• Location: Broward County, Miami

• Post ID: 47345119 miami is an interactive computer service that enables access by multiple users and should not be treated as the publisher or speaker of any information provided by another information content provider. © 2017