Exceptional investment opportunity – a fully leased, turnkey fourplex featuring four one-bedroom, one-bathroom units, each boasting a spacious 612 square feet of living space. Occupied by great Section 8 tenants, this property offers hassle-free management, where you can 'set it and forget it.
CBS construction, roof is in excellent condition, central AC, impact windows and a convenient laundry room for additional income. Each unit has separate water meters for lower expenses and high potential returns.
Units include new appliances and independent parking for each unit on a expansive 10,800 square foot corner lot. Located in the tranquil Hialeah Heights subdivision of Brownsville Miami, FL, this property offers tenants peace of mind in a quiet safe neighborhood.
Currently operating at an 8% cap rate, there's ample opportunity to optimize returns by adjusting rents to align with new Section 8 pricing, projecting a promising 9% proforma cap rate. Don't miss out on this turnkey investment gem in a prime location of Miami, FL!
Building Size: 2,449 SqFt
Lot Size: 10,800 SqFt
Zoning RU - 2 Duplex
Cap Rate 7.5%
Cap Rate Pro-Forma 9.0%
Fausto Commercial Realty
1761 W Flagler St. Miami, FL 33135
Copyright © 2024 commercialmiamideals.com - All Rights Reserved.