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5% INTEREST OWNER FINANCIAL AVAILABLE 5-APT BLDG FOR SALE IN MIAMI - 750000$

Description

LOCATED AT 735 SW 5th STREET; MIAMI FL 33130. PROPERTY HAS 3 BED / 2BATH UNITS AND THREE 2BED / 1BATH. ALL UNITS ARE RENTEN MONTH TO MONTH. CURRENT OCCUPANCY 100%. LOT SIZE 7,500 SF. BUILDING SIZE 5,186 SF. PRO FORMA CAP RATE = 6.56%. PRO FORMA CAP ROI =19.70%. 30% DOWN PAYMENT REQUIRED. FINANCING TERMS 20 YEARS AND 5% INTEREST RATE. INVESTMENT HIGHLIGHTS: FULLY RENTED PROPERTY LOCATED IN MIAMI ONE THE MOST POPULATED COUNTIES IN THE STATE OF FLORIDA. ALL OCUPANTS ARE MONTH-TO- MONTH. TENANTS MONTHLY RENT MIGHT BE INCREASED AFTER PURCHASING THE PROPERTY. CURRENT POSITIVE CASH FLOW. OWNER FINNANCING AVAILABLE. ON-SITE LAUNDRY FACILITY. AMPLE PARKING SPACES. BUILDING EXTERIOR WAS PAINTED ABOUT 2 YEARS AGO. ALL APTS HAVE CENTRAL AIR CONDITIONING UNITS. SOME APTS HAVE GRANITE FLOORS AND OTHER HAVE CERAMIC TILE FLOORS. NEAR COMMERCIAL RETAIL STORES AT SW 8TH STREET. CLOSE TO PROXIMITY TO MIAMI DOWN TOWN, EXPRESS WAY, HOSPITALS, SCHOOLS AND MUCH MORE. THE INVESTOR WILL ENJOY POSITIVE CASH FLOW RETURNS, WHILE THIS PROPERTY WILL CONTINUE TO APPRECIATE IN VALUE OVER THE YEARS AND THE MORTGAGE DEBT WILL BE PARTIALLY AMORTIZED





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  • Publish Date: 03-03-2015 14:12:07
  • Contact name: VALLS REALTY
  • Place: MIAMI
  • 387 times displayed
  • Price: 750000$

Contact VALLS REALTY: 5% INTEREST OWNER FINANCIAL AVAILABLE 5-APT BLDG FOR SALE IN MIAMI

Phone: 7866005005

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