MIAMI: LOOKING TO OWN A PROPERTY PRODUCING 8% CAP RATE!? LOOK NO FURTHER! GREAT INVESTMENT FOR CASH FLOW, & GREAT OPPORTUNITY LONG-TERM FOR THOSE WHO UNDERSTAND THE GROWTH OCCURRING IN THIS AREA. YOU ARE INVESTING IN A MULTI-FAMILY RESIDENCE & LAND VALUE! BUILD MORE UNITS TO CREATE MORE RESIDUAL! PROPERTY CONSISTS OF 2 SEPARATE BUILDINGS. EACH BUILDING HAS 2 UNITS. THE FRONT HOUSE IS A 3/2 W/ TWO LIVING ROOMS & DINING AREA & A STUDIO WITH A HUGE WALK-IN CLOSET & THIS BUILDING HAS ITS OWN ELECTRIC METER & WATER HEATER. BACK BUILDING IS AN EFFICIENCY & A COMPLETELY REMODELED 1/1 W/ THEIR OWN ELECTRIC METER & WATER HEATER. THE FRONT BUILDING IS TENANT OCCUPIED & HAVE BEEN THERE LONG-TERM SO RENTALS ARE BELOW MARKET VALUE. BUILDING IN BACK IS OWNER OCCUPIED. NOI $49,619 / $600,000 = 8.3%
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