TRIPLEX - 616 SW 8TH AVE - PERFECT RENTAL TRIPLEX!

616 SW 8th Ave, Homestead, FL 33030

Asking Price
$164,000
Retail Market Value/ARV $196,000
Cost of Repairs $0
Potential Profit $32,000
16% Below Market Value

PROPERTY DETAILS
Asking Price: $164,000
After Repair Value: $196,000
Costs of Repairs: $0
Living Area: 2054 ft2
Property type: TriPlex
Bedrooms: 5
Bathrooms: 3
Half Baths: 0
Parking: 0
PROPERTY DESCRIPTION
Bedrooms: 5
Bathrooms: 3
Total SQFT: 2054
Total Land Area: 10200 SQFT
Year built: 1949
Type of construction: CBS

Description:
This unique triplex deal has a 3/1 unit that needs full rehab, a 1/1 unit occupied and a 1/1 unit rented for $750 a month! Needs updating, and TLC. Solid structure, three buildings, much potential. Zoned for multifamily 2-9 units. Ideal rental property, potential cap rate over 12%!. Taxes only $962.47 for 2016. Smaller, non remodeled 2 unit duplex comps sold up to $165k. Rental average potential over $2,500 a month. 1/1 $750 a month, 1//1 $750 a month, 3/1 $1,100 a month! Occupied property, please don\'t disturb!


EDUARDO MUALIM
LISTING OWNER
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