Property Description

Two-story multi-family home. It features four apartments, a solar water heater, and solar panels. This excellent property has one water meter, one electricity meter, a solar panel system with an approximate monthly payment of $160 (the solar panel contract has 14 years remaining), and a monthly payment to LUMA (electricity provider) of $4. The approximate semi-annual CRIM (property tax) payment is $1,110.00. The first apartment has three bedrooms, one bathroom, a kitchen, a dining room, a living room, a balcony, and a patio. The second, third, and fourth apartments each have two bedrooms, one bathroom, a living room, a dining room, and a kitchen. All apartments are currently rented and 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 $3,461 per month ($41,532 per year) with market rents of $668 to $1,058 per unit for long-term rentals. 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 will apply. This 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