GREAT OPPORTUNITY!! THIS PROPERTY HAS BEEN TOTALLY RENOVATED!! 12 TWO STORY BUILDINGS !!OGCCUPANCY RATE IS AT 100%!! 36 THREE BEDROOMS AND 96 TWO BEDROOMS. MAX RENTS COULD GO UP TO $1,317 AND 1,521 IF USINGTHE S42 LIHTC. GROSS BUILDING AREA IS 109,092 SQUARE FEET, OF THAT 107,436 IS RENTABLE AREA. ALL UNITS INCOME RESTRICTED BASED ON THE RESTRICTIVE COVENANTS TIED TO THE HFA BONDS THAT WERE ORIGINALLY APART OF THE FINANCING. RENT CANNOT EXCEED 30% OF TENANTS ANNUAL INCOME. EXCLUDING UTILITIES. ALL UNITS ARE SET ASIDE FOR FAMILY AFFORDABLE HOUSING. THE FIRST MORTGAGE BEING HUD-INSURED, IS ASSUMABLE AND THE INTEREST RATE IS 2.52%, WRITTEN APPROVAL IS REQUIRED FROM HUD. PROVIDE WITHIN 90 DAYS.
Courtesy of: The N.D.I. Group, Inc. 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: 5th February, 2023 4:34 PM (UTC)
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Michael J Johnigean, PLLC161 Aragon Ave, Coral Gables, Florida 33134