6 Beds / 5.5 Baths
CBS / FRAME HOUSE.
– Area 3,092 Sq. Ft.
Lot 6,850 Sq. Ft.
Built in – 1930.
Unit #1 – 1/1
Currently rented – $1,000 a month.
Unit #2 – 1/1
Currently rented – $850 a month.
Studio – Currently rented for $650 a month.
Studio – Currently rented for $425 a month.
for $1,300 a month
This is a Non-
conforming Single Family House
being used as Multifamily.
Over 14% POTENTIAL CAP RATE.
Over $200k In Equity,
NET CASH FLOW $2,671 A MONTH
WITH CURRENT RENT!!
Some units have updated kitchens,
tile flooring, and central A/C’s.
Needs updating and TLC.
Property is zoned for Multifamily and
could be converted into legal Multifamily.
Centrally located in the heart of Miami 5 minutes
away from MIA Airport, Coral Gables,
Doral, and many location.
Comps up to $595k.
Rental comps for 1/1’s up to $1,500 a month.
Potential rental income over $6,000 a month.