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Description

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%

 

Investment highlights

  • 40 units  100% occupied
  • 60 parking spaces
  • Lot SqFt +/-66,000
  • 8 Buildings totaling SqFt +/- 30K
  • On-site Laundry

 

INVESTORS / END BUYERS ONLY. No Agents.  

For more information, fill out the form below or email dluxjed@gmail.com

The information provided, including but not limited to SqFt, lot size, measurements, CAP rates, NOI, etc have been obtain from third parties. Because any disclaim might be subject to error, prospective purchasers shall conduct his/her/it own verification/due diligence of this information, warranty or representation. Information courtesy of Crexi, The Keyes Company.

Address

  • City: miramar
  • Country: United States

Detail

Updated on October 19, 2020 at 3:45 pm

  • Price: $4,595,000
  • Property Size: 29168 SqFt
  • Land Area: 66000 SqFt
  • Year Built: 1968
  • Property Type: Apartment Building, Commercial
  • Property Status: For Sale

Contact info

D'Lux Real Estate Services
D'Lux Real Estate Services

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