Florida City, FL 33034

$1,850,000
2,496
SqFt
Sold Price
$1,850,000
List Price
$550,000
Closing Date
Nov 19, 2021
MLS
A11107183
Complex Name
Howard Park
Status
CLOSED
Type
Multifamily
Living Area
2,496

Property Description

Rare opportunity to acquire a large multifamily portfolio in South Florida or just purchase each folio individually. At $275k a door, if bought as a package deal along with MLS #s A11108937, A11107761, A11107183, A11108938. This portfolio consists of 8 total units generating over $116k per year in net income. (8) 3 bedroom, 2 bathroom units (mostly rented below market rent). Tenants pay their own electricity and water. The 8 units in Florida City were Built in 1995 with brand new roofs added in 2019!! All units are CBS and in turnkey condition including newly updated baths. Each unit comes with 2 car driveway, side & back yard space. 100% occupancy with good long term tenants, 6 out of 8 units are rented out under section 8. Market rents now in the area are up to almost $2,000 for 3 beds.

Additional Information

Days on Market
13
Style
Duplex
Special Information
New Construction
Exterior Features
Exterior Lights
#Parking Spaces
4
Year Built
1995
Development Name
Howard Park
#Stories
1
Construction Type
CBS Construction
Section
24

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing Courtesy of Julies Realty, LLC, Contact:

Selling Office: Elite Ocean View Realty LLC.