Listed by Urbaniza Realty
$1,250,000
PORTLAND PLACE
Details
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 3,400
Net Rentable (SqFt) 2,868
Units 4
NOI $8,600
Occupancy 100%
Price per SqFt $368
Broker Co-Op Yes
Class C
Year Built 1925
Year Renovated 4
Buildings 1
Stories 2
Lot Size (SqFt) 7,000
Zoning Multifamily
Parking Spaces 8 spaces
Parking Per SqFt 2.35
Investment Type Owner/User
Ownership Investor
Multifamily | 4 Units | $312,500/unit
Marketing description
Discover an incredible investment opportunity in Little Havana! The seller is diligently repairing the roof & completing 50-year inspections for this charming 4-unit apartment community. Appraised at the irresistible asking price, it qualifies owner-occupied loans. The four spacious two-bedroom/one-bathroom units spans 3,400 rentable sqft, built in 1925 & beautifully remodeled in 2020. Nestled on a generous 7,000 SqFt lot, this legal 4-Plex boasts impact windows & ample upgrades. Enjoy 2 parking spaces per unit & a washer-dryer generating $150 monthly. With a steady income of $8,800 per month on flexible month-to-month leases, this gem is priced for a quick yes or no decision—act fast before it’s snapped up! Plus it has an expansive yard. Don’t wait—contact the listing agent to show today
Listing Contacts
Listed by Urbaniza Realty
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$8,600.00
$716.67/mo
Valuation Metrics
0
DSCR
0.69%
Cap Rate
0.69%
ROI
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