Altos Del Mar No 3

Highlights:

• Lot Features: Less Than 1/4 Acre Lot
• Building Features: Laundry Facility
• Documents Available: Deposit - Last Months Rent, Deposit - Security, Copy Of Lease(S), Rent Rolls
• Cooling: Electric
• Heating: Heat Strip
• Flooring: Ceramic Floor
• Construction Materials: Concrete Block Construction, CBS Construction

Description:

TOTALLY UPDATED INCOME GENERATING BUILDING! Walk to the BEACH! This two-story, 4,162 SF multifamily building sits on a 5,500 SF lot and offers immediate income! The property features 4 spacious units, each a 2-bedroom / 2-bathroom residence, all currently leased on 12-month agreements. Current annual income:$112,800 Projected annual income: $124,000 NOI: $71,447 Cap Rate: 4.61% Fully updated in 2019, including completion of the 40-year certification. New roof installed with permits in January 2026, offering long-term peace of mind. Unit features: Hurricane-impact windows and doors, recent interior paint, porcelain flooring, in-unit washer/dryer combos, stainless-steel appliances, open-concept kitchens, and a well-maintained garden with secured fencing. Situated in a high-demand rental area near the upcoming Town Center Redevelopment, surrounded by new luxury high-rises—a strong catalyst for future appreciation and tenant demand.Walk to the beach, restaurants, public transit, schools. and close to the Normandy Shores Golf Course

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Listing ID: A11950199