3750 SW 1ST Street, Unit 1
Property Description
7-unit multifamily building located in Melrose Park. Fully rented long term tenants and all tenants are month to month. Units need updating to kitchens and bathrooms and needs new roof. Perfect value add property or immediate income producer. Buyer can assume 6% mortgage currently held by owner Total Monthly rent: $8,085 Electric: $680, Water: $300, Trash: $300, Lawn: $100, Property Taxes: $20,585 Total Yearly rent: $97,020 Total yearly expenses: $37,145 ROI: 6.9%
Broker Details
United Realty Group Inc (954) 450-2000
MLS ID: 3338500 State License Number: 3338500
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $869,000 |
| No. of Units: | 7 |
| Year Built: | 1958 |
| Lot Size: | 2,836.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $124,143 |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-RMLSFL-B26097484
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