Miami, FL $1.4M 4 U 7.7% cap NOI $96,000
Miami, FL $1.4M 4 U 7.7% cap NOI $96,000
Seeking Business Lines of Credit
Partners $2M recommended
dslacquisitions@gmail.com
Miami, FL
$1.4M + 5% Cash 100% Buyer
$1.3M + 5% 60/40
$1.25M +5% 75/25
Funding Partner
4 U
7.7% cap
NOI $96,000
Big value add deal, the rents are well below market rent.
Expenses are approx $1500/m - Owner only pays water - tenants pays elec.
Net Income - approx $8,000/m
Meters:
Water - one meter - owner pays bill
Elec - separate meters - tenant pays
Current rents:
Two - 4/2 - 1200 sq ft
Two - 3/1 - 900 sq ft
Apt. #1 - $2400 - 4/2
Apt. #2 - $2000 - 4/2
Apt. #3 - $1700 - 3/1
Apt. #4 - $1800 - 3/1
Fair Market Rent is $2600 each but are currently rented at $2000 - for 4 beds
Fair Market Rent is $2100 each but are currently rented at $1700 for 3 beds
EMD $60k
We find it
Fund it & we partner 50/50
Experienced a plus.
Brent
888-659-3242
Dslacquisitions@gmail.com