The current NOI is $53,548 with a 7.65% CAP rate. Build an 11 unit Multifamily, which will increase the total revenue to $363,000 and the NOI to $354,148, at a total cost of $3,671,500, resulting in a cap rate of 10%. Discover the potential of this rare 1.25-acre parcel, zoned… Read More RM (Multi-Family, Medium Density) and located in an unincorporated area. The site may accommodate up to 11 residential units--a prime opportunity for developers or investors seeking a strong growth prospect. Enjoy a strategic location just minutes from I-95, the Florida Turnpike, and a variety of shopping, dining, schools, and employment hubs. Read Less
Courtesy of John A Diaz, KW Reserve Business Brokerage LLC 844-456-4647
Listing Snapshot
Days Online
11
Last Updated
Property Type
MultiFamily (5+ Units)
Square Ft.
1,008
Year Built
1949
MLS Number
RX-11138487
30 Days Snapshot Of 33461
$232k
-24%
(avg) sold price
25
-26%
homes sold
141
+23%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
1,008 total building square feet, Built in 1949, 2 stories, 11 units in build, Square footage source: SimpleTemplate, None, Resident. Multi-Fam.
Cooling
None
Floors
Other
Heating
No Heat
Lot
1 acres
Miscellaneous
Unit 1 description: 3 Bedroom, Unit 2 description: 3 Bedroom, Unit 3 description: 3 Bedroom, Unit 4 description: 3 Bedroom, Unit 5 description: 3 Bedroom, Unit 6 description: 3 Bedroom, Unit 7 description: 3 Bedroom, Unit 8 description: 3 Bedroom, None, Cash, Conventional, FHA
Property
Property type: E, Zoning: RM, Waterfront: No, None
Roof
Comp Shingle
Security Features
None
Taxes
Real estate taxes: $5,270, Year: 2024
Utilities
Cable, Electric, Water Available
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