Property History
Property Type
Property Type
Marketing Description
John DeMarco with Re/Max 5 Star Realty is please to present the sale of North Miami Multi-Family Complex and Charter School complex. This once-in-a-lifetime investment opportunity consists of 116,912 leasable square feet, with 82 large apartments, and a 15,000 square foot net leased commercial Charter school. The 82 apartments are 100% leased and also on a waiting list. The average apartment in this building rents in days when a vacancy comes up. The apartment mix consists of 64, 1 bedroom 1 bath apartments, and 18, 2 bedroom 2 bath apartments. All units are in good condition and have very large spacious floorpans.
Investment Highlights
- Priced under market value based on current comparable sales Low $108,537 per residential unit 82 residential units and 2 commercial NNN tenants Actual Gross Income $1,186,764 annually, Net Income $854,422.32 Actual Capitalization Rate 6.83% Great Rental Area property maintains 100% occupancy
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Contacts
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BY:
John DeMarco PRO
•••.•••.1000
john@••••••••••••.com
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