1829 NW 2 Court,. MIAMI, FL 33136
16 Unit Building
Price $1.73 Mil
Property Class: Legal Multifamily
Bedrooms: 16 ( All are 1/1’s )
Adjusted Area : 6,500 Sq. Ft
Lot Size: 7,500 Sq. Ft
Year Built: 1942
Property 100% Occupied.
Off Market 16 Units all 1/1’s
Property needs TLC – CBS
Should be Clean and Clear title, no issues at all.
All tenants have been there for a long time, all month to month.
Has a property manager in place, lives at the property.
( See Breakdown )
Units 16 ( 1/1s)
Legal 16 Units
Average rents $520.00 – $540.00 ( Totally Under rented )
Month to month tenants – No Leases.
Tenant pays electricity and water
Tenant pays for issues in the property
Has separate electricity meter and water meters.
Owner takes care of the refrigerators and stoves
Owner pays about $200 per month for Trash.
Roof was replaced within the last 5 years
Property manager lives at the property and gets a month free rent for his job.
Clean and Clear
40 Year Cert – passed.
Electrical was done and renewed.
Plumbing was fixed in 2015
Roof was replaced in 2015
No Open permits.
Insurance: $2,058.91 + is about to increase
Trash Collection: $2,400 ( $200.00 Per Month )
Total Expenses $14,359.00
Available on 07.05.2020
Don’t let this excellent opportunity pass you by! Get it yours now!