Price$570,000
Beds
0Baths
1,897Sf
Listing IDA11358202
StatusActive
CountyBroward County
SubdivisionFLOYD H STEWARD SUB
Year Built1975
Property TypeResidential Income
Property Sub TypeDuplex
This 2 unit property is located in desirable area of East Hollywood. The physical property consists of 1,897 leasable SF, well situated on a 5,695 sf lot. The property is currently 100% leased to two month to month tenants. The 2 bedroom apartment is leased for $1,500.00 and the studio is leased for $700 per month, grossing $26,400 per year. The tenants pay all utilities. After all expenses this property is netting $14,749 per year providing an investor with a 2.6% actual capitalization rate at full asking price. Month to month tenancy allows investor to raise rent post closing.


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© 2023 MIAMI Association of REALTORS® (MAOR). All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS's in the MIAMI Association of REALTORS® cooperative agreement: Broward, Palm Beaches & St. Lucie REALTORS® and the Miami Association of REALTORS®. The information being 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. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Information is deemed reliable but not guaranteed. Listing courtesy of RE/MAX 5 Star Realty. Data last updated Friday, March 31st, 2023 at 06:46:54 PM.

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