Updated almost 8 years ago on .
New Off-Market Duplex in Little Haiti, 10 cap Potential
Price: $ 199,000 CASH or Hard Money ONLY
Est. Rehab: $5-$15k
ARV: $250k+
Cap Rate Potential: 10%
Est. MKT. Rent $2700/month
Current Rent $1500/month
Layout: (1756 sqft, 4,700 sqft lot )
Prime Little Haiti corner-lot-duplex with spacious bedrooms. Each unit is a 2/1 with potential rental income of $1,300-$1,400/month. Property has two separate electric meters & one water meter. Currently rented below market ($800+$700/month). CBS property is in good condition and only needs basic updating. Each unit even has a bonus storage unit.
Amazing value add opportunity as units are rented below value, but tenants are on a month to month lease.
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