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DESCRIÇÃO
9-unit apartment building, all units are 2-bedrooms 1-bathroom, approximately 780 sq,ft each. This property has a current monthly gross income of $17,900, which results in a cap rate of 5. 43% at the offered price. However, the projected and potential monthly gross income is $22,955, which would result in a cap rate of 6. 22%. This could be achieved as leases renew and increase the rents on the month to month tenants. 40-year recertification that was completed on 4/29/2021. With an average effective rent of $1,944, an investor has the opportunity to increase rental rates by 28% to be competitive within the market as units turn. Stabilized asset boasting 100% occupancy, generates a stable income, with minimal deferred maintenance.
Data is provided by Miami Board of Realtors.
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Listed on November 21, 2024 by Alexis Lizama from Coldwell Banker Realty, this other is for sale. other for sale in Little Havana listed at $2,700,000, Reference A11697955
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