North Broward Area (Undergoing Gentrification)
Type: Triplex
Units: Two /1-bedroom units
Current Rent: $1,500 per unit, month-to-month leases
Tenant Quality: Great tenants, familiar with the neighborhood, payments made regularly with sufficient funds
Potential Rent Increase: Neighborhood improvements and upcoming developments suggest potential rental rates could rise to $1,800 - $2,200 within the next two years
Upcoming Development: A new $2.2 million road is being constructed in the city
Current Market Value: $680,000
Current Cash Flow: $1,500 per unit, 3 units totaling $4,500 per month
Condition: Needs some work
Price: $435 ,000
This property is a prime investment opportunity in an area poised for significant growth and appreciation.
What do you think? Yes/No
