OFF MARKET - 33 MULTI-UNIT LISTING - MIAMI, FLORIDA - CAP: 12%
33 Miami Units with Guaranteed Monthly Income --12%+ CAP RATE
ASKING: $2,244,000
CAP: 12%
NOI: $284,770
A 12%+ Cap Rate with secured monthly rental payments makes this a winner.
33 Unit Apartment Building in Miami, FL
GUARANTEED SEC. 8 INCOME
NOT ON MLS or LOOPNET
29 1/1 units rented at $900 = $26,100
4 2/1 units rented at $1300 = $ 5,200
Total rents will be $ 31,300 x 12 months = $375,600
$375,600 minus expenses $90,830 = $284,770 NOI
We just closed on this incredible investment property.
At $68k per door, it is the least expensive building of this size available in Miami!
Separate Electric and Water meters for each unit.
Fully Rented
Four units need rehab and the building needs to have its 40 year inspection/certificate.
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An NCND/MFA with a Biography, non-binding Letter of Intent and/or non-invasive Proof of Funds (2 of 3 will be sufficient) are the prerequisites that need to be submitted in order for additional details to be released to prospective clients.