**BEST PRICE 6-PLEX PRICE $283k/DOOR ON NORMANDY ISLES- CALL FOR OFFERS DISCOUNTED AT 1.75M 6% CAP **Renovated 6-unit multifamily w/6 assigned parking spaces STEPS from units (HUGE RENTER DEMAND) + 20% upside in existing rents & massive value add: IN-PLACE NOI- $104,839; proforma GI is $240K
CAPEX- Seller expended over $150K in last years including recent upgrades- i.e. installing new plumbing/sewer line Jan-2024 w/50-year warranty, two new AC units, renovations, landscaping, irrigation system, etc. since listing. OWNER DELIVERING TURNKEY CONDITION WITH NO MAJOR CAPEX REQUIRED BY NEW BUYER (VS MOST AREA MULTIFAMILIES ON MARKET)
3,552 Sq Ft
Investment
$15,654 Annual Tax
Built in 1936
MLS/Listing ID A11453884
OCEANSIDE SEC ISLE OF NOR
2 Stories
6 Units
Construction - CBS
Barrel Roof
Flat Tile
Cooling - Central Air
Ceramic Tile
Listing Courtesy of REAL ESTATE SALES FORCE, RAINIER S LEON - 305-970-6682
Source of Data: MIAMI ASSOCIATION OF REALTORS