Description
New Listing - 5 Unit Investment property with $6100/month income - Completely Occupied with long leases. Property Zoning allows for multi-family up to 10 units on this location with .84 acre lot in a prime location. Concrete block construction and slab foundation on the 4 units + single wide renovated mobile home in the back of the property. There is also a maintenance man that lives at the property in Unit D - he pays rent and paid for any services separately. The entire property is on Well & septic systems therefore the owner supplies Water, sewer, trash, electric, lawn & cable. Newer metal roof installed in 2016 and completely painted on the exterior in 2023. The 5th unit, the single wide mobile home that was completely renovated with new showers, tub, kitchen, appliances, flooring and paint this October and rents for $2000/m. Many of the other units have also been renovated. This is a turn key operation, in good condition with good long term tenants in a good location near major highways and lots of job opportunities including 5 minutes to the Hard Rock Casino. Rent analysis provided by the seller has the cap rate currently at 8.5%
-
6BEDS
-
0.84ACRES
-
0BATHS
-
01/2 BATHS
-
2,504SQFT
-
$238$/SQFT
School Ratings & Info
Description
New Listing - 5 Unit Investment property with $6100/month income - Completely Occupied with long leases. Property Zoning allows for multi-family up to 10 units on this location with .84 acre lot in a prime location. Concrete block construction and slab foundation on the 4 units + single wide renovated mobile home in the back of the property. There is also a maintenance man that lives at the property in Unit D - he pays rent and paid for any services separately. The entire property is on Well & septic systems therefore the owner supplies Water, sewer, trash, electric, lawn & cable. Newer metal roof installed in 2016 and completely painted on the exterior in 2023. The 5th unit, the single wide mobile home that was completely renovated with new showers, tub, kitchen, appliances, flooring and paint this October and rents for $2000/m. Many of the other units have also been renovated. This is a turn key operation, in good condition with good long term tenants in a good location near major highways and lots of job opportunities including 5 minutes to the Hard Rock Casino. Rent analysis provided by the seller has the cap rate currently at 8.5%
© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2024-12-03T17:46:08.657.
