Description
6.3 % Cap Rate, Legal Triplex, This property boasts a prime location and all tenants have signed leases with a 2-month security deposit and no history of eviction. There are two studios that are rented at $1450 and $1500, respectively. Additionally, a 2-bedroom/1-bathroom unit is currently rented for $1800 but could easily be increased to $2100.
All units feature new kitchens with new appliances and tile flooring, as well as two parking spaces per unit. The actual yearly income for the property is $57,000, but it can easily be increased to $60,600 per year.
The expenses for the property include $7300 in taxes, $300 for water and electricity, and $50 for gardening, totaling $11,500. net income for the property is $45,500, with a projected income of $49,400.
Location
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All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2022 Beaches Multiple Listing Service, Inc. Updated: 24th September, 2023 10:11 AM (UTC)
Listing Office: Charles Rutenberg Realty - Fort Lauderdale
Attribution contact: (954) 396-3001
