Great Investment opportunity with stable rent growth and cash flow. Located in close proximity to the Design District, Wynwood, and downtown Miami. The property has a new roof consists of 6 individual units with a total of 11 bedrooms and 6 bathrooms. Included a one story single family home which was subdivided into a 2 bedrooms, 1 bath apartment for $2,200 a month and an additional 1 bedroom, 1 bath apartment for $1,133 a month. Two separate 2 story buildings in the back of the property consist of another 4 apartments, each having 2 bedrooms and 1 full bath. All units are secured with current tenants and an average monthly rent of $2,200. Laundry is on premise. This property offers an opportunity to further increase cash flow through small improvements according to fair market value.
Great Investment opportunity with stable rent growth and cash flow. Located in close proximity to the Design District, Wynwood, and downtown Miami. The property has a new roof consists of 6 individual units with a total of 11 bedrooms and 6 bathrooms. Included a one story single family home which was subdivided into a 2 bedrooms, 1 bath apartment for $2,200 a month and an additional 1 bedroom, 1 bath apartment for $1,133 a month. Two separate 2 story buildings in the back of the property consist of another 4 apartments, each having 2 bedrooms and 1 full bath. All units are secured with current tenants and an average monthly rent of $2,200. Laundry is on premise. This property offers an opportunity to further increase cash flow through small improvements according to fair market value.
Features
Building and Construction
Absolute Longitude: 80.198332
Construction: CBS, Concrete
Exterior Features: Open Porch
Flooring: Other
Roof: Flat Tile
Sqft Source: Tax Rolls
Sqft Total: 4120.00
Total Building Sqft: 4120.00
Property Information
Property Condition: Resale
Property Group Id: 19990816212116581394000000
Land Information
Lot Description: < 1/4 Acre
Lot Dimensions: 50.0 ft x 120.0 ft
Subdivision Information: None
Eco-Communities
Private Pool: No
Storm Protection Panel Shutters: Complete
Waterfront Details: None
Utilities
Carport Spaces: 0.00
Cooling: Central, Central Individual, Electric
Heating: Central, Central Individual, Electric
Number Of Stories: 2.0
Separate Elec Meters: Yes
Separate Wtr Meters: Yes
Utilities: Public Sewer, Public Water
Finance and Tax Information
Homeowners Assoc: None
Income Expenses Annual Net Oper Inc: 107664.00
Income Expenses Annual Total Expense: 35532.00
Income Expenses Gross Operating Inc: 143196.00
Source Of Expenses: Owner
Tax Year: 2024
Rental Information
Tenant Pays: Cable, Electric
Other Features
Avail Info: Investment Analysis
Country: United States
Housing For Older Persons Act: No Hopa
Legal Desc: SHADOWLAWN EXTN PB 5-105 LOT 22 BLK 4 LOT SIZE 50 X 120 OR 19700-0036 05 2001 1 COC 22532-4432 07 2004 1
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