Off Market Duplex in Allapattah, 10% cap

[Gregory Avalone]

Price: $279,000 CASH ONLY

Est. Rehab: $1-$5k

Cap Rate Potential: 9%+

Est. MKT. Rent $3000/month

Current Cap: 6%

Current Rent $2,000/month

Layout: 2/1 + 2/1 (1638 sqft, 7100 sqft lot)

-Fantastic OFF MARKET DUPLEX opportunity in excellent Allapattah.
-Large fully gated CBS property in excellent condition
-Features a 2/1 on each side with very large rooms and 7,100 sq.ft. lot.
-Currently rented under market to family members who will vacate before closing. Market rent is +/- $1,500 per side for $3,000/mo income.
-Property in great shape, just needs paint.
-1 unit features new kitchen with stainless steel appliances, roof in excellent condition 5 years old, and central AC in both units.

Comps.
-2030 NW 27th Street / $317K / 4BNR-2BA

-3157 NW 27th Street /300K /5BR/3BA (smaller lot)