Mederos and Associates Real Estate Inc
Listed by Mederos and Associates Real Estate Inc
$725,000
MELROSE HEIGHTS
Details
APN 01-31-27-001-1350
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 2,133
Units 3
NOI $56,000
Year Built 1925
Zoning 5700
Parking Spaces 6 spaces
Parking Per SqFt 2.81
Multifamily | 3 Units
Marketing description
Tremendous income generator in prime Allapattah location. Cash cow for investors. Non-conforming Triplex. Property is completely remodeled. Main house is a very large 2bed 1 bath with a large living and family room. Beautiful new custom kitchen and newer central AC unit. It is rented for $2400 monthly. Side apartment is a remodeled 1 bed and 1 bathroom. It is rented for $1500. Rear apartment is also a 1bed 1 bath remodeled beauty rented for $1600 monthly. Total of $66,000 gross rental income yearly. Property boasts a very large backyard and custom designed solar panels making the FPL bill very low. Plenty of parking in the front.
Listing Contacts
Mederos and Associates Real Estate Inc
Listed by Mederos and Associates Real Estate Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$56,000.00
$4,666.67/mo
Valuation Metrics
0
DSCR
7.72%
Cap Rate
7.72%
ROI
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