Fully tenanted block of 24 apartments generating 11.9% net yield Miami, Miami-Dade County, Florida, USA Residential Property £838,058 | €1,083,770 | $1,220,000 Request a Currency Exchange Quote Here

This 24 unit building has Housing Assistance Payments Programme from HUD as well as a 40 year recertification. No need to worry about non-paying tenants! This is a great investment for any buyer. Located in Little Havana near Downtown Miami.

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Property Description ID:5967515

This 24 unit building has Housing Assistance Payments Programme from HUD as well as a 40 year recertification. No need to worry about non-paying tenants! This is a great investment for any buyer. The building has separate electric meters and an elevator.

The property is located in Little Havana, a rapidly growing community near Downtown Miami and Brickell Avenue. It was built in 1925 and totals 13,110 square feet.

KEY FIGURES:

 

Purchase Price:  $1,220,000

 

 RENTAL INCOME:  $188,640 per annum

 

 OUTGOINGS:

 

 Taxes:             $23,906

 

Insurance:        $11,500

 

Management:  $8,400

 

TOTAL OUTGOINGS:  $43,806

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