New Turnkey Fourplex in West Little River, Miami 10 Cap

[Gregory Avalone]

Price: $299,000 CASH ONLY

Est. Rehab: $5000

Current Cap: 10%

Current Rent $3490/month

Layout: (1812 sqft, 10,000 sqft lot )

Off Market legal fourplex available in West Little River. The property is CBS construction, has 4 separate meters, and sits on a large 10,000 sq ft corner lot. The units consist of four 1/1's. Current rental income is $3,490/mo.

Unit 1 - $869/mo section 8 lease ends 4/30/18
Unit 2 - $950/mo lease ends 3/31/18
Unit 3 - $821/mo section 8 lease ends 2/28/18
Unit 4 - $850/mo lease ended 10/31/17, currently vacant

$3,490/mo current monthly income

COMPS
912 NW 55th Ter Fourplex $343k closed sale
7535 NW 4th Ct Fourplex $323k closed sale
9890 NW 21st Ave Fourplex $510k active listing

Contact for details. 305-900-7391