Overview
- 4 Bedrooms
- 2 Bathrooms
- 1,545 ft
- Year Built: 1955
Description
~ Buy and Hold ~
Passive income opportunity
Located in “Princess Park” Subdivision
Home improvements:
Kitchen was fully updated in 2021
Appliances were purhcased new in 2019/2020
Central A/C
Impact Doors and Impact Windows were put in 2019
Centrally located near the Miami Design District, Midtown and Wynwood Art District,
this property has the potential for higher ROI. Conveniently located near major expressways,
minutes away from Miami Beach, Downtown, hospitals, schools, shopping & dining.
Great income producing opportunity for long or short-term rental.
Key Features π
25 minutes from Miami Beach ποΈ
32 minutes from International Mall π
18 minutes from Miami Airport βοΈ
Property Details π
Rehab Level: Light
Construction: Block
Electrical Panel: Good Condition
Air Conditioner: 5 years old
Water Heater: Good Condition
Roof: 7 years
Occupancy: Rented
Opportunityπ°
POTENTIAL FOR EXPENSION AND INCREASE YOUR INCOME
Unit 166 – 2bed/1bath:
Seller lives here. Owner occupied
Has own water and electric meter
Unit 168—2 bed/1bath:
Rented out for $2,500 on Month-Month
Year Lease and Lease expires on November 7th 2024
Roof was fully replaced in 2017
Has own water and electric meter
Owner expenses:
$70/Month for the yeard work
Property Insurance? $3,500/Yearly
City sewer,Property has ample back yard for expansion
Local rents for 2/1 can rent up to $2,500