This property is located in desirable area of East Hollywood. The physical property consists of 1,897 leasable SF, well situated on a 5,695 sf lot. The property is currently 100% leased to two month to month tenants. The 2 bedroom apartments is leased for $1,500.00 and the studio is leased for $700 per month, grossing $26,400 per year. The tenants pay all utilities. After all expenses this property is netting $28,525 per year providing an investor with a 5% actual capitalization rate at full asking price. Month to month tenancy allows investor to raise rent post closing.

Property Features

  • 1
  • 1 Space
  • 514210240101
  • Appliances
  • Assigned
  • Attached
  • Barbecue
  • Bike Storage
  • Billiard Room
  • Blinds
  • Broward County
  • Business Center
  • Central
  • Central Air
  • Check Land Use Plan
  • Decorative
  • East Of Us1
  • Entrance Foyer
  • Exercise Room
  • Exterior Lighting
  • Fenced
  • Fireplace
  • FLOYD H STEWARD SUB 11-6 B LOT 5 BLK 2
  • Guest
  • Heated
  • In Ground
  • Interior Hall
  • Intracoastal View
  • Laundry
  • Library
  • Limited # Of Vehicle
  • Miami Association of REALTORS®
  • Municipal Water
  • No Rv/ Boats
  • No Trucks/ Trailers
  • Open Balcony
  • Pool
  • RM-18
  • Sauna
  • Shingle
  • Storage
  • Tennis Court View
  • Tennis Court(s)
  • Trash Chute
  • true
  • Utility Room/ Laundry
  • Walk- In Closet(s)
  • Zoned Duplex
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