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Updated about 1 year ago,
38 Multifamily Units in Miami- Cap rate: 8% (Seller Financing)
Current Income:Gross yearly Income: $590,400
Expenses: $130,207.60
NOI: $460,192.40
Cap rate: 8%
Proforma:Gross yearly Income: $775,687
Expenses: $190,607
NOI: $585,080
Cap rate: 9.46%
Unit Mix:
33 – One beds one bath
5 – Two beds one bath
1 – Retail store
Offering