
Nautica Realty
Listed by Nautica Realty
$530,000
626 Minnesota Street
Details
APN 40434503100070070
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 1,434
Units 2
NOI $30,055
Year Built 1953
Zoning RM15
Multifamily | 2 Units
Marketing description
Mid-Centurymodern Duplex! Excellent Location! Walk to the Intracoastal parks, multiple restaurants, shops and waterfront dining. EZ Bike ride to the beach. Recent upgrades include newly installed mini splits, new stove and fridge, electrical updates and freshly painted exterior. Recent four point available. Each unit is separately metered for water and electric. Recent new landscaping and rear patio, painting in and out and general rejuvenation and renewal. Off street parking. Great opportunity for owner/ landlord to live the South Florida dream while letting tenants help pay your mortgage, or Airbnb for increased cash flow. Front patio could be enclosed as second bedroom and increase rent easily to $1,700. Great tenants, on time, no hassles! Roughly 5% return at current rents! ******* Please do not disturb tenants. Front unit could have enclosed patio which would serve as a second bedroom. The rear unit patio was enclosed and serves as an office/extra room separated from the living room. Bright sunny apartments. The upside to a one bedroom unit is less people, less wear and tear. Only one unit is on a lease, the other is month to month. Very easily managed property.
Listing Contacts

Nautica Realty
Listed by Nautica Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$30,055.00
$2,504.58/mo
Valuation Metrics
0
DSCR
5.67%
Cap Rate
5.67%
ROI
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