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Home61's Closings in
Miami, FL
Legal 3 family property. 1st unit: 2 bed 1 bath (current rent: $1,400 a month, lease ends in may). 2nd unit: 3 bedroom 1 bath (owner occupied will be delivered vacant). 3rd unit: 3 bed 1 bath (current rent: $1,700 a month month to month, under market rents). Lot size: 2,178, building size: 2,526. Basement with a separate entrance, partially finished. Separate utilities. All 3 units are 842 sqft, renovated 3 bedrooms that are 810 sqft have rented for $2,500 a month = $7,500 of total unrealized income (3 units), annual taxes: $8,747, insurance: $2,200 a year, utilities common cost: $2,700, income: $7,500 mo/ $90,000 a yr, total expenses: $1,137. 25 mo/ $13,647 yr, net operating income: $6,326. 75 / $76,353 (not including debt service = principal and interest). Sold as-is.
Data is provided by OneKey MLS.