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Description
INCREDIBLE OPOORTUNITY to BUY a DUPLEX FOR ONLY $550,000, ONE OF THE BEST LOCATIONS IN HALLANDALE BEACH, THIS PROPERTY is situated in a LAND of 6,246 sf - GREAT SIZE.!!!!!
Building Size: 1,536 sf. GREAT LOCATION AND GREAT EXPOSURE.!!!!
Apt. #1: (1Be/1Ba) = $1,300.00
Apt. #2: (1Be/1Ba) = $1,350.00
Total Income: =$2,650.00/month
Yearly Income: =$31,800.00/year
EXPENSES:
Property Taxes 2021 = $4,419.59
Water/Sewer/Trash =$1,800.00
Total Expenses: =$6,219.59/year
Net Operating Income =$25,580.41/year
REDUCED SELLING PRICE: $550,000.00
CAP RETURN: 4.65% - POTENTIAL TO INCREASE FOR 6.72% CAP RETURN, MARKET RENTS COULD BE $1.800 TO $2,000 PER APARTMENT, RENTS ARE UNDER MARKET VALUE.
AS PER OWNER: NEW ROOF, NEW WINDOWS, UPDATES BATHS AND KITCHENS.
Location
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Courtesy of: The Keyes Company MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. Updated: 30th June, 2022 9:50 AM (UTC)
