(Bulk Sale) 3 units, Duplex side by side for a total of 3 units:
2 Apartments of 2 Bedroom/ 1 Bathroom and 1 Efficiency Apartment, All units are rented:
Apt. 2Bed/1Ba Rented for $1,500/month with 10 months remaining on Lease
Apt. 2Bed/1Ba Rented for $1,350/month with 6 months remaining on Lease
Efficiency unit Rented for $850/month, Month to Month Lease
Total Income: $3,700/month
Real Estate Taxes: $460/month
Water/Sewer Garbage: $185/month
Other Expenses: $100/moth
Total Expenses: $895/month
Net Income: $3,700 - $895 = $2,805/month X 12 months
Total Income: $33,660
Asking Price: $599,000
NET OPERATING INCOME: 5.62% CAP RETURN ON INVESTMENT.
THIS IS AN INCREDIBLE INVESMENT IN THE HEART OF HALLANDALE BEACH. CALL NOW.!