Rental Property Investor · Miami, FL · Member since 2014 · 105 posts · 9 votes
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.