Property Description

Two-story multi-family home. It features three apartments, a solar panel system, and a solar water heater. This excellent property has one water meter, one electricity meter, and a monthly payment of $4 to LUMA (electricity provider). The approximate semi-annual CRIM (property tax) payment is $970.00. The first apartment (currently vacant) has three bedrooms, one bathroom, a kitchen, a dining room, a living room, a balcony, and a patio. The second apartment (currently rented) has three bedrooms, one bathroom, a living room, a dining room, a kitchen, and a patio. The third apartment (also currently rented) has three bedrooms, one bathroom, a living room, a dining room, and a kitchen. All apartments have parking. Enjoy passive income with this excellent property located in a high-demand investment area close to everything! With a projected gross income of $3,174 per month ($38,088 per year) and market rents of $911 to $1,058 per unit for long-term leases. Located near a variety of restaurants, gas stations, supermarkets, sports centers, schools, pharmacies, and beaches, with easy and direct access to the entire metropolitan area, ensuring convenience and easy access to all essential services. Owner financing is available with a 70% to 75% down payment and interest is added. The property is not being sold at appraisal value. R3 or CDBG funds are not accepted. A pre-qualification letter is required for financing purchases; and/or proof of funds is required for cash purchases..

Property Features