Strong Income Property ;<br><br><br>CAP Rate is 9%+.<br><br>Villas are rented under ‘Section 8’ and rents are paid promptly by government.<br><br>Each units’ rent is $750.00, total Gross Annual Income - $900,000.<br>Expenses are calculated at 35% and NOI is $585,000.<br><br>Property is located in the city of Opa Locka and is fully occupied (mostly ‘blue-culler’ Latino tenants), stretching on 9 acres.<br><br>All Villas are 2/1 with a kitchen access door to private back yard. <br><br>All residential amenities (shopping, schools, parks, worship) are available in close proximity and within walking distance.<br><br>This unlisted income property has become available after death of a partner.<br><br/><br/>Brokered and Advertised by: Beachfront Realty<br/>Listing Agent: Sylvie Ehrlich, P.A.<br/>
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
