28-Unit Multifamily Off-Market in Riviera Beach, FL

[Linda King]

9.16% Cap @ $1,450,000 asking price

These properties are being made available by an elderly landlord who has owned

property in South Florida for over 30 years and after personally managing such a large

portfolio for so long, he is liquidating all his assets, including the 28 units in Riviera

Beach.

Highlights:

-Good Cash Flow -Great Upside Potential -High Historical Occupancy -Great Income & Growth Potential -Substantially Below Replacement Cost -Easy access to US Hwy 1, I-95, and Florida Turnpike -Close to Medical Facilities, Parks, Beaches, and Shopping

Upside Potential:

-Hire professional management.

-Raise rents to market rates...about $75 per month per unit.

-Fill 4 vacancies.

-Many new developments in area

-Properties located in government designated CRA and approved for tax credits and renovation grants.

DISCLAIMER: We are placing this property in the Marketplace for a contact of ours who holds the contract on this property and all serious inquiries will be introduced directly! Please respond to our email address for more information or call…

Linda King, Owner

Legacy Asset Solutions

[email protected]

407-340-2319 cell EDT