FOR SALE | |||
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Code: | 3996H23 | |||
City: | Homestead | |||
Retail Type: | ||||
Price: | $ 3,606,000 | |||
Cap. Rate: | ||||
Tenancy: | ||||
Retail Sq.Ft.: | 0 | |||
Lot. Area Sq. Ft.: | 1075 | |||
Parking: | Assigned Parking, Guest Parking, Handicap Parking | |||
Year: | 1974 | |||
Portfolio sale of 19 income-producing condominium units, located in the vicinity of the City of Homestead, FL, but built on unincorporated Miami-Dade. Each unit is 2/1/.5, and all units have 1,075 Sq. Ft. of Living Area. Most of the 19 units are rented, below market rent, while others are vacant. The listing price per unit is $192K, and it is based on a market GRM of 96, and a market rent of $2,000. Naranja Lakes Condominium No. 5 is composed of four buildings, and the 19 units for sale are distributed among them. The condominium's buildings and its units are undergoing renovations, funded entirely by a previous assessment, such as exterior paint, and new impact windows for each unit. The condominium's 40-year recertification was successfully conducted in 2015. | ||||
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