Choose a City!
 

Enquiry Form

Enquire Now!

25 bed Commercial Miami FL10207

FL10207

Location: Miami
Type: Commercial
Size: 883 sqm (9,500 sqft)
Bedrooms: 25
Gross Yield: 12.3%
Net Yield: 9.7%
$799,000
Key Features
Project Description

A perfect investment, with cash flow from day one! Fully renovated, tenanted 14 unit multifamily apartment complex with an option to expand and build more. The buildings have been completely renovated with all necessary permits and licenced contractor with the newest construction codes. New ROOF, new KITCHEN, new APPLIANCES, new TILES new BATHROOMS, new LANDSCAPING, new A/C UNITS, new LIGHTING.

Great location, with public schools in the neighborhood, few blocks from the beach, good transportation. Due to its location and renovation it is a desirable rent.

Gross total rent: $104,000 per year some tenants guaranteed by Section 8 government subsidy 

  • 9 - 2/1units, 3 - 1/1units, 1 - 3/1 unit, 1 - 1/1studio
  • Insurance: $7,400 yearly
  • Maintenance: APPROX. $300.00 monthly
  • Property Management: 7% monthly
  • Taxes: $4,900 yearly
  • Net rent: $78,000
  • Net rental ROI: 9.76%

Added to this there is a possibility to build 6 additional units on the vacant part of the lot, approved for 88,000 extra SqFt.

 

Location