Homestead, FL

14840 Naranja Lakes Blvd, Homestead FL 33032

$2,200,000

Key Details

Status
Active
Property Type
Income/MultiFamily
Year Built
1974

Overview

EXCLUSIVE SALE: An exceptional investment opportunity of 14 condo units in a complex of 240 units. These units offer a prime location combined with a strong rental market. Each condo has 1,075 sq. ft., featuring 2 beds and 1.5 bathrooms All units are rented, ensuring immediate cash flow. The price per unit is $157,143. The median market rent for similar units in the area is $2,100. The current gross rent is $250,800 with a potential annual rent of $352,800. Minimum purchase is 5 units. The seller is open to seller financing with favorable terms: 50% down and 7% interest-only for the first 3 years. Impact windows in each unit, new roof, and recent exterior paintwork have been paid for through a previous assessment. Don't miss this rare opportunity to acquire an income-generating portfolio.

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