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Jensen Jeune
  • Investor
  • Everett, MA
15
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229
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OFF MARKET - 20 MULTI-UNIT LISTING - MIAMI, FLORIDA - CAP: 8.1%

Jensen Jeune
  • Investor
  • Everett, MA
Posted Oct 27 2016, 17:54

20-Unit North Miami Apartment Building 

Asking Price: $2,000,000.00

CAP: 8.1%

NOI: $204,000.00

North Miami. 33186. 

20 units (1bedroom/1bath)

All units are currently rented at $850.00/month. Rent includes Water.

Expenses Incurred by Owner of Property (yearly):

1. Insurance: $5,000.00

2. Taxes: $19,000.00

3. Water: $12,000 ($1,000.00 per month)

4. FPL (power): $840.00

5. Garbage: $4,680.00 ($390.00 per month)

Total: $41,520.00

Units are rented at $850.00/month: the rental income will be $204,000.00/year. The cap rate, paying full asking price is 8.1%.

Units are rented at $850.00/month: the rental income will be $204,000.00/year. The cap rate, paying $1.8M ($90,000 per unit) is 9.0%.

======================================================

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.

Offering

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