D’Lux Multifamily Miramar, FL

Very strong upside potential here! Complex consists of 8 adjacent parcels.  Two five unit buildings form a “U” shape with center courtyard and laundry available.  There are four clusters of 10 units all contiguous for total of 40 units.  All new roofs completed in October 2018.

Units consist of 32 One Bedroom, One Bath apartments and 8 Two Bedroom, One Bath apartments.  Each apartment is metered separately for electricity.  Rents are currently significantly below market values in the area.  This property is an ideal opportunity for strong upside income potential.

Units: 40; Price Per Unit: $114,875; NOI: $254,067; Cap rate: 5.53%