
This well-maintained, 2-story building with 4,905 sq ft of living space sits on a 6,450 sq ft lot and was built in 1971. Key updates include a 1 year old roof, security cameras and impact windows. The property features a mix of four 1BD/1BA units and four 2BD/1BA units. It is 100% occupied on flexible month-to-month leases, offering an ideal opportunity for rent optimization in a market with consistent year-over-year growth. Annual Gross Income: $124,800 - Operating Expenses: $49,000 - Net Op...This well-maintained, 2-story building with 4,905 sq ft of living space sits on a 6,450 sq ft lot and was built in 1971. Key updates include a 1 year old roof, security cameras and impact windows. The property features a mix of four 1BD/1BA units and four 2BD/1BA units. It is 100% occupied on flexible month-to-month leases, offering an ideal opportunity for rent optimization in a market with consistent year-over-year growth. Annual Gross Income: $124,800 - Operating Expenses: $49,000 - Net Operating Income (NOI): $75,800 (4% cap rate at asking price) - Pro Forma Potential: Immediate 5-10% rent upside due to below-market rates and strong local demand.DO NOT DISTURB THE TENANTS.
View MoreCourtesy of
Agency Name: RE/MAX United Realty
Agent Name: Saul Milian
Agency Phone: 305-575-2727
Presented by
Agent Name: SofiaB Machado
Agent Phone:
Agency Title: The Keyes Company
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85 W 28th St, Hialeah, FL 33010.
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