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$ 2,300,000
Est. payment | /mo
1,075 SqFt
$ 2,300,000
Est. payment | /mo
1,075 SqFt
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 1,075 sqft
Price per Sqft $2,139
MLS Listing ID A11628906
Construction Status Resale
HOA Fees $499/mo
HOA Y/N Yes
Year Built 1974
Annual Tax Amount $1,613
Lot Size 1,075 Sqft
Property Description
EXCLUSIVE SALE: $400K PRICE REDUCTION!! An exceptional investment opportunity of 16 condo units in a complex of 240 units. These units offer a prime location combined with a strong rental market. Each condo has 1,075 sq. ft., featuring 2 beds and 1.5 bathrooms All units are rented, ensuring immediate cash flow. The price per unit is $143,750. The median market rent for similar units in the area is $2,100. The current gross rent is $270,800 with a potential annual rent of $372,800. The seller is open to seller financing with favorable terms: 50% down and 7% interest-only for the first 3 years. Impact windows in each unit, new roof, and recent exterior paintwork have been paid for through a previous assessment. Don't miss this rare opportunity to acquire an income-generating portfolio.
Location
State FL
County Miami-dade
Area 69
Interior
Heating Central
Cooling Central Air
Flooring Carpet
Exterior
Roof Type Concrete
Building
Sewer Public Sewer
Water Public
Structure Type Block
Construction Status Resale
Others
Tax ID 30-69-33-014-1550
Security Features Fenced,Security Guard
Acceptable Financing Cash, Conventional, Owner May Carry, Other
Listing Terms Cash, Conventional, Owner May Carry, Other
Listed by Keller Williams Capital Realty
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