INVESTORS! EXCELLENT TENANTS PAY RENT ONLINE ON TIME & TAKE PRIDE IN PROPERTY. THIS PROPERTY RUNS ITSELF. NEW ROOF 2018. GATED PROPERTY BACKS UP TO CANAL.GROSS RENTAL INCOME=$56,400/YR. PROPERTY WAS FULLY OCCUPIED BY LONG TERM TENANTS THAT WERE PAYING EXTREMELY LOW RENTS WHEN SELLER PURCHASED THE BLDG. AS SUCH, SELLER HAS BEEN INCREASING RENTS AT LEASE RENEWAL W/ THESE TENANTS. NEXT LEASE EXP DATE IS IN 5 MONTHS. SELLER INCREASING RENT FROM $1150/M TO $1350/M WHICH INCREASES GROSS RENTAL INCOME TO $58,800/YR. ACs ARE WINDOW/WALL UNITS THAT ARE TOTALLY EFFICIENT. NO CALLS FOR A LEAKING AC, ETC. SHOULD REPLACEMENT BE NECESSARY IT IS VERY INEXPENSIVE TO DO SO VERSUS CENTRAL AC. NEWER FLOORS, KITCHENS, & PAINT 2019. EMPTY STORAGE ROOM READY FOR COIN LAUNDRY HOOKUP. VERY WELL MAINTAINED.
Additional Details
Address1783 NW 55th Ave
Price$900,000
CityLauderhill
Parking Spaces7
MLS #F10332247
Property TypeResidential Income
Year Built1971
Property ClassResidential Income
Type of PropertyFourplex
StatusActive-Available
Waterfront?Yes
Water ViewCanal Front
SubdivisionSunshine Villas First Add
School Information
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