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This 2 unit multifamily building is located in an extremely desirable area within West Hollywood. The physical property consists of 1,967 leasable SF, well situated on a 6,372 sf lot. The property is currently 100% leased to 2 month to month tenants. The 2 bed and 1 bath apartment are leased at $1,500 per month and the 3 bed and 2 bath apartment is leased for $1,900 per month. The property is grossing $40,800 per year. The tenants pay all utilities. After all expenses this property is netting $27,532 per year providing an investor with a 4.6% actual capitalization rate at full asking price. Month to month tenancy allows investor to raise rent post closing.
Listed by John DeMarco, RE/MAX 5 Star Realty

Property Details of 2104 N 14th Avenue

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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 © 2023 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 June 7, 2023

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