1379 NW 55th Terr, Miami FL 33142
Legal 4 Plex Primary Land Use 0803 MULTIFAMILY 2-9 UNITS : MULTIFAMILY 3 OR MORE UNITS Beds / Baths / Half 14 / 6 / 0 Floors 2 Living Units 4 Living Area 3,006 Sq.Ft Lot Size 7,875 Sq.Ft Year Built 1935 $91.2k GOI, $14k yearly expenses ($4k water, $4k insurance, $6k taxes and maintenance), $77.2k NOI Fourplex each unit 3Bd1Ba, separate electric meters but not water meters, owner pays water only 3 of the units are done under Section 8 (you can raise each of their rents by 200-300$) final one is normal renter. All on yearly leases,Current Cap Rate 7+% 10% Escrow required.
Available on 01.26.2021
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The sale of these properties may be contingent upon a successful close by the Buyer under Contract with the Current Owner. Seller may not be the owner of record of the property at the applicable court jurisdiction; however, the Seller holds equitable interest in the property along with the owner of record and such interest is documented through an executed Purchase and Sale Agreement