Description
Turnkey 4-Unit Multifamily Investment generating $91,500 annually. Fully renovated in 2024 including a brand new roof, offering a stabilized asset with no foreseeable maintenance or capital expenditures in the near term. Property features long-term, stable tenants and strong in-place income.Priced to sell at a 7% net cap rate, this is an ideal opportunity for investors seeking reliable cash flow with minimal operational burden. Current utilities total approximately $535/month ($315 FPL, $220 water). Property is equipped with 2 FPL meters and 1 water meter; per FPL engineering, electric can be separated into 4 individual meters, providing future flexibility if desired.Well-maintained, low-maintenance asset in a strong rental marketperfect for buy-and-hold investors or 1031 exchange buyers seeking immediate income.
Details
| MLS # | A11992504 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1964 |
| Days On Site | 157 |
| Listing Provided By | Lifestyle International Realty | Amir Panjwani |
Features
| SQ Feet | 1,898 |
|---|---|
| Story(s) | 1 |
| Units | 4 |
| Zoning | RM4 |
Taxes
| Tax Annual Amount | 16925 |
|---|
Area Information
| State | FL |
|---|---|
| County | Broward |
| City | Miramar |
| Zip Code | 33023 |
| Area | 3190 |
| Community Name | SUN LAND PARK |
| Listing VS Median (in SUN LAND PARK) | |
Price: $910,000 low | high Med: $409,900 sqft: 1,898 low | high Med: 1,016 $ / sqft: $479 low | high Med: $403 On site: 157 low | high Med: 49 | |
Market Activity 33023
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Learn More About This Property
| State | FL |
|---|---|
| County | Broward |
| City | Miramar |
| Zip Code | 33023 |
| Area | 3190 |
| Community Name | SUN LAND PARK |
| Listing VS Median (in SUN LAND PARK) | |
Price: $910,000 low | high Med: $409,900 sqft: 1,898 low | high Med: 1,016 $ / sqft: $479 low | high Med: $403 On site: 157 low | high Med: 49 | |
