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SW 117TH CT MIAMI FL, 33170
A Fourplex in the South Miami area. This is off market and is 99% done with rehab work. One of the four units is Section 8 rented.
ASKING: $275,000
TYPE: 4 UNITS
NOT LISTED
Break down for all 4 units
2/1 – $800 p/m
2/1 – $850 p/m (tenant is Moving in/ Sec 8)
1/1 – $725 p/m
1/1 – $675 p/m
TOTAL RENTS $3,050
EXPENSES:
$203.55 TAXES
$250.00 INSURANCE
$305.00 10% MAINTENANCE or other
$213.50 7% VACANCY
$0 LIGHT (4 Meters)
$0 WATER (4 Meters)
$75.00 GRASS (LAWN)
TOTAL MOTHNLY EXPENSES $1,047.05
YEARLY/NET NOI $24,035.40
CAP RATE 8.7%
