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Unbelievable find in today's market! CASH COW. 9-unit-building. Current cap rate is 10.42%! ALL units are renovated. 8 units are fully furnished and equipped. Roof was redone in 2018 with a 10y warranty. Highly desirable area for both short and long term rentals. This property is perfect for investors who want to make cash on day 1. There are (8) 1x1s and (1) 2x2. The (8) 1x1s are currently used as short terms rentals. The (1) 2x2 is currently rented out (month to month). Excellent income producing property: Bring your best offer on the table! 40 year electrical and structural inspections successfully passed. 1x1s are 550 sq ft and 2x2 is 750 sq ft.
Listed by Lou Corda, La Rosa Realty LLC

Property Details of 1201 NE 15th Ave # 1-9

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The multiple listing information is provided by Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2022 Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Data last updated on May 23, 2022

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