850 NW 2nd St, Miami FL 33128
Great income producing investment opportunity in East Little Havana. This property is located in a highly desirable rental market with very low vacancies. The area is surrounded by emerging developments that will revitalizes the market. This property consists of 2 buildings. An eight unit building featuring seven fully renovated 1/1s and a single family house with 4 bedrooms and 2 bathrooms. The 1/1s are currently rented at an average of $1800 per month. The single family is producing $4,000 per month. Current annual gross income of $169,500. Proforma gross income of $263,400. Seven of the 1/1s has new mini splits, new floors, tankless water heaters and new bathrooms. Stainless steel appliances. Separate electric meters.
