Buyer Site
This is A Perfect investment opportunity for any level investor! This 2- story condo unit in the heart of Miami offers a views of the Downtown Miami Skyline. Great amenities: pool, secure/gated parking garage w/ designated parking spot, on-site property manager. Centraly located, just minutes from Miami Int. Airport, Coral Gables, Marlin’s Stadium, Brickell/Downtown Miami, and Miami Beach. Very investor friendly building!! NO RENTAL RESTRICTION!!! Unit needs a little TLC and updating throughout.
ASKING: $125,000
$55,000 Below ARV
Est. Repairs: $15,000
Rents in Bldg: $1,400
CAP Rate: 10%
COC Return: 7.7%
1st year ROI: 40%
COMPS:
