Lawrence Estates Land Cos

Highlights:

• Lot Features: 1/4 To Less Than 1/2 Acre Lot
• Documents Available: Copy Of Lease(S), Other Available Information, Rent Rolls
• Architectural Style: Detached
• Cooling: Wall/Window Unit(s)
• Heating: None
• Flooring: Other, Tile
• Construction Materials: CBS Construction

Description:

Finally, this Cashy Cow is for sale. Legal 20 unit apt bldg. The in place gross yearly rental income is presently $335,880.00. The current NOI is $224,176.00! Even at these outstanding income numbers there is plenty of upside in raising rents. Sec 8 rents are much higher than current rents. Property feat. newer roofs & new PVC plumbing. There are 6 two bedroom units & 14 one bedroom units. Always 100% occupied. Priced at only $199,500 a unit this is unheard of for a 20 unit bldg. in Little Havana w/ these in place rents. 40 year certifications recently completed. Click on attachments to view the current rent roll, 2024 operating statement and 40 year certifications. The property has a Freddie Mac loan that is assumable. The rate is 3.83%. The balance is $1,735,000. Maturity date is 2030.