NB Elite Realty
Listed by NB Elite Realty
$3,500,000
STABILIZED INCOME PRODUCING 10-UNIT PROPERTY
Details
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 11,571
Units 20
Cap Rate 7.95%
NOI $278,355
Year Built 2025
Stories 2
Lot Size (SqFt) 14,508
Parking Spaces 20 spaces
Parking Per SqFt 1.73
Investment Type Stabilized
100% leased
Marketing description
Welcome to Serenity Villas featuring high end finishes and surplus of parking spaces (two per apartment!). Conveniently situated within 4 blocks from US-1 and Range Rover of South, this brand-new construction building consists of 10 units: eight 2bed 2 bath, one 3bed 3bath and one 1bed 1bath apartments with an option of additional studio, each coming with two reserved parking spaces. Inviting open layouts with European-style cabinets, quartz countertops, ceramic tile backsplashes and stainless-steel appliances, it it appraised at $4.3MM and 4.4MM. This property currently brings about $26,000 a month (with option of an upside if 2nd parking space is rented instead of given to the Tenants).
Truly an excellent investment opportunity that will last for generations!
Listing Contacts
NB Elite Realty
Listed by NB Elite Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$278,355.00
$23,196.25/mo
Valuation Metrics
0
DSCR
7.95%
Cap Rate
7.95%
ROI
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