PENDING – Rardin Ave, Pahokee, FL 33476

Beds: 22   Baths: 22   Sq. Ft: 9840

ARV: $865k    Repairs: $135k   Rent: $9,900/mo 

$365,000+cc

Distressed 22 Unit, concrete block apartment building in Palm Beach County with HUGE upside. Pro Form Cap Rate of 16%! Each unit consists of 1 bed and 1 bath and all units are separately metered for water and electric. The building is currently vacant and we estimate a repair budget of approximately $6200 per unit to get this property performing again. Force some big appreciation by conducting an aggressive rent-up program. At a 9% cap rate, we estimate the property to be worth over $850,000. Contact me at 407-404-3225 or email me at Alex@VaultVentures.net

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