SOLD – 16 Unit Apartment Building in Wynwood Area Miami

HIGH CAP RATE!
Great opportunity !!! Hurry Up!!!

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16 Unit Apartment Building
Asking price $900,000
1558 NW 1st Avenue, Miami, FL 33136
2 bedrooms – 57k per door
(16) – 2 bedrooms/1 bath units
Currently collecting $650 per month each unit
Separate utilities tenants pay own water and electric
Yearly taxes approx. $ 10,325
NOI approx. $108,075
Cap Rate 11%

Built 1947
2 units vacant
Age of roof – 10 years old
Monthly Trash/Dumpster – $160
Common area monthly electric FPL – approx. $25
Cost of  monthly maintenance $225
Yearly Taxes $10,325
Approx monthly insurance – $3000

 

Contact me at 407-404-3225 or email me at Alex@VaultVentures.net

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