1541 N Redland Rd, Florida City, FL 33034 Assigned

  • $219,000
  • 2 beds
  • 2 baths
  • 782 sqft
Assigned

1541 N Redland Rd, Florida City, FL 33034

ASKING ONLY PRICE: $219,000
BED: 2 BATH: 2 | 782 sqft
Year built: 1954
Ft LOT SIZE: 5,000 Sq. Ft

This property is currently receiving $1050 (3/31/2021) and $935 lease expired on 9/1/2020 (waiting for approval for $100 increase for Homestead Housing) for a total of $1985 monthly. $30 landscaping is the only expense for the property and tenants cover electricity and utility. (every property pays property tax, no doubt about it), both tenants are under section 8 so there is minimum risk of not being able to collect rent. Since the property is under annual inspection, the condition is good (unlike other properties that there is rehab cost

Available on 07.05.2020

Don’t let this excellent opportunity pass you by! Get it yours now!

Make An Offer On This Property

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Price:
$219,000
Address:
1541 N Redland Rd,
Florida City, , Florida 33034
Square Feet:
782
Lot Size:
5,000 Sq. Ft
Bedrooms:
2
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Multi-family
Year Built:
1954

Additional Features

1541 N Redland Rd, Florida City, FL 33034 is a multi-family home. This 782 square foot multi-family home sits on a 5,000 square foot lot. Monthly Income is $1050 and $935 separately. Both tenants are with section 8 and leases are until 2021 and are renewable with government. Your rent income is secured. Invest in this rental property for a minimum CAP rate of 10.5%. Tenants are happy in the unit. Roof is in good condition, no leaking. Remember, this property is subject to Dade annual inspection to ensure tenant living quality. Come borrow money from bank for 3% and invest in this property. You borrow money to make more money. What you have to lose?

Call (954) 280-5883 for more details

Property Location