Property Listing No Longer Available for Sale

2 UNIT INCOME PROPERTY-22438

Miami, FL

Multi-family for Sale - $319,000 - 1,990 Sq. Ft.


Property Info

CIMLS#1014588
Location
  2 UNIT INCOME PROPERTY-22438
  Miami FL 33150
UpdatedJuly 11th, 2019
TypeMulti-family
Price$319,000
Building1,990 Sq. Ft.

Property Description

Great Investment at 8.92% cap rate and owner is looking to get out of the rental business as he retires. This 1,933 sf two family investment property in Miami, Florida is only a short distance from I-95. The main house features 4 bedrooms and 2 baths that rents for $2,100 a month. There is also a separate detached unit in the rear of property, which is a 1 bed 1 bath cottage, which is rented at $900 a month. Buildings were recently painted and new stainless-steel appliances were installed in the main house. This area is in an up-swing, with new developments and renovations taking place all around. Now is the prime time to buy low. With the influx of young, artistically-minded people being priced out of neighborhoods like Wynwood, surrounding areas like Gladeview are being primed to fill the demands for more reasonable rents and investment properties.. For additional information contact Michael Swing at 954-551-4466.