Cash machine with long term rental+appreciation growth prospects
High demand/rental area due to proximity to Brickell & Downtown
Continuously rented to the same long term tenant (over 10 years)
Current rent $2000.00 (8.6% net and growing yearly)
Unit recently remodeled with new AC and appliances, porcelain flooring and modern outlook.
Minimal involvment required, building is well managed by current BOD & an offsite manager.
40 year certification was completed in 2024 (next one due in 2034). New roof, exterior lighting, asphalt, cameras and gate. One reserved parking with this unit.
Also available unit#2(2/1 next door) unit#11(2/1 2nd floor) & unit#9(1/1, 2nd floor)
All units rented to long term tenants with no lapse in rental history.