11% Cap rate!! Phenomenal opportunity being sold ON market, in a growing local economic market. Section 8 lease with the tenant currently leased for $1600.00 per month (below rent market value) other subdivision units have recently rented for $1725.00 and and $1750.00.These units are are rarely on the market-- Ample 3/2 with in unit laundry. Nice floor plan, open community. COA $125 per month.The tenants cover water AND electricity. Make your investment even greater by taking advantage of this purchase; surrounded by an INFLUX of brand new residential developments; around the corner from where the future Larkin Health Science University site, a 42-acre expansion to come...IF IT IS ACTIVE IT IS AVAILABLE... CAN BE SOLD IN A PACKAGE OF 3 UNITS, ALL IN THE SAME COMPLEX, SAME OWNER.
Courtesy of: RE/MAX Advance Realty MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. Updated: 25th May, 2022 9:50 AM (UTC)
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LUXURY REAL ESTATE SPECIALIST / WERC REALTY
Michael Johnigean, PA161 Aragon Ave, Coral Gables, Florida 33134