Description
Amazing investment opportunity. Centrally located, legal 5-plex with an actual annual gross income of $81,600.00, yearly expenses of approximately $21,237, and net income of $59,160.00. At the list price cap rate of 4.7%. Room to increase rents which the PROFORMA shows 93k gross Income and a CAP rate of 5.4%, well-maintained remodeled building, with long-term tenants, separate water and electric meters. Also, income from laundry is not included in annual gross income. Purchase and begin earning money immediately.
Location
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MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. Updated: 29th November, 2023 1:47 AM (UTC)
Listing Office: EAG Realty International Inc.
