Rental Property Investor · Miami, FL · Member since 2014 · 105 posts · 9 votes
Price: $299,000 CASH ONLY
Est. Rehab: $5000
Current Cap: 10%
Current Rent $3490/month
Layout: (1812 sqft, 10,000 sqft lot )
Off Market legal fourplex available in West Little River. The property is CBS construction, has 4 separate meters, and sits on a large 10,000 sq ft corner lot. The units consist of four 1/1's. Current rental income is $3,490/mo.
Unit 1 - $869/mo section 8 lease ends 4/30/18 Unit 2 - $950/mo lease ends 3/31/18 Unit 3 - $821/mo section 8 lease ends 2/28/18 Unit 4 - $850/mo lease ended 10/31/17, currently vacant
$3,490/mo current monthly income
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