Cash flowing 8 unit property generating 14, 000 month plus an additional 300 month from on site laundry, totaling 171, 600 in annual revenue.


Property

Website:https://www.nestseekers.com/5426359
Address:
Miami, FL 33126
Ownership: For Sale
Type: Unknown

Financials

Price:$2,650,000
Annual Taxes:$19,214

Description

Cash-flowing 8-unit property generating $14,000/month plus an additional $300/month from on-site laundry, totaling $171,600 in annual revenue. The unit mix consists of four 2-bedroom/1-bath units and four 1-bedroom/1-bath units. Each unit is separately metered for electricity and features its own central A/C system with both indoor and outdoor components. The roof is only 5 years old, and the 40-year recertification has been recently completed. This is an ideal value-add opportunity for investors, with rents currently below market and all leases on a month-to-month basis. The landlord holds security deposits for all tenants. The property is well-maintained, with clean interiors, strong long-term tenants, and ample parking, including 8 assigned spaces and 2 guest spots. Call for private tour today.

Amenities

  • CableAvailable
  • LessThanQuarterAcre

Contact

888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of WERC Realty, LLC