$ 2,666,000

14840 Naranja Lakes Blvd #C2L

Homestead, FL 33032

  • 1,075 SqFt
  • 1,075 Lot Size
  • 1974 Year Built
EXCLUSIVE SALE: $400K PRICE REDUCTION!! An exceptional investment opportunity of 16 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 $143,750. The median market rent for similar units in the area is $2,100. The current gross rent is $270,800 with a potential annual rent of $372,800. 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.
Listed by Keller Williams Capital Realty , Sold By Keller Williams Capital Realty

PROPERTY DETAIL

  • Key Details

    Sold Price $2,666,0004.8%

    Property Type Condo, Commercial

    Sub Type Condominium

    Listing Status Sold

    Purchase Type For Sale

    Square Footage 1, 075 sqft

    Price per Sqft $2,480

    MLS Listing ID A11628906

    HOA Fees $499/mo

    Year Built 1974

    Annual Tax Amount $1,613

    Lot Size 1,075 Sqft

    Property Sub-Type Condominium

  • Location

    State FL

    County Miami-dade

    Area 69

  • Building

    Sewer Public Sewer

    Water Public

    Structure Type Block

  • Interior

    Heating Central

    Cooling Central Air

    Flooring Carpet

  • Exterior

    Roof Type Concrete

  • Others

    Acceptable Financing Cash, Conventional, Owner May Carry, Other

    Listing Terms Cash, Conventional, Owner May Carry, Other

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