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2148 DORA STREET

Multifamiliar Vendido Recientemente
$1,100,000

BTC: 12.45753114

ETH: 356.73631673

Fecha de venta: 2024-09-05
1 días
288 camas
10,952 sqft
Est. Rango de ventas estimado: $0 - $0
$0

Visión general

Make Money Now: High-Yield, Under-Market Income-Producing Apartment Building Unlock the potential of this 12-unit apartment building, spanning 10,954 sq ft, with each spacious unit offering 913 sq ft of living space. Currently 100% rented M/M at substantially under-market rates, this property presents a rare opportunity for savvy investors looking to maximize their ROI. Management has done little to make this cash cow payoff other than fully rented, They have made since 2021/21 to date replaced 1/2 the windows, 3/4 of the a/c units and it has a 1 yr old roof, outside painted. It is a solid, functioning, occupied, income producer which is highly under performing due to mgmt and updating mainly interior and some exterior. This may be the cheapest updating investment you will find. Going market rent (1B-1B) $1200-$1400-(2B-1B)$1600- $1800 p/m Key Features: Fixer-Upper in Great Condition: Well-maintained structure, needing only minor updates in units and exterior to elevate to market standards. High Cap Rate Potential: Projected cap rate of 9-10%, with the ability to nearly double if not double current income under new management. Significant Value Increase: Post-renovation, the property value could soar to between $2.5 and $3 million, aligning with its replacement value. Prime Location: Situated close to waterways, hospitals, shopping centers, public transportation, parks, and sports stadiums Minutes to Fort myers beach and rt 75 and FW airport. Nestled in a residential community on the edge of urban and commercial establishments, attracting Valued tenants. Investment Highlights: Under-Market Rental Rates: Significant upside potential by bringing rents to market levels (6 Figure est). Cost-Effective Upgrades: Investment in updates can and will drastically increase revenue and property value. Land value is $240K bring the asking price of the building to $1.11M Strong Rental Demand: Location and unit size make this property a magnet for tenants seeking quality housing. This diamond in the rough is a must-have for investors seeking high returns and substantial property appreciation. Don’t miss out on this rare opportunity to add a prime income-producing asset to your portfolio. This Investment easy accomodate ARV income; The 1% rule of return and 50% expense rule Contact us today to schedule a viewing and explore the immense potential of this investment property.

Ubicación

Hechos y características

Tipo:
Residential Income
Estacionamiento:
Common / Ground Level
Año de construcción:
1971
Lote:
0.43 Hectáreas
Calefacción:
Central / Electric
precio por sq. medidor:
$123
Enfriamiento:
Central Air
HOA:
Sin datos
Más hechos y características
  • Piso

    • Tile

    Calefacción

    • Central

    • Electric

    Enfriamiento

    • Central Air

    Accesorios

    • Convection Oven

    • Refrigerator

    Otras características interiores

    • Living Room/Dining Room Combo

    • Solid Wood Cabinets

    • Split Bedroom

    Dormitorios y baños

    • Dormitorios: 288

  • Estacionamiento

    • Common

    • Ground Level

    Propiedad

    • Pisos: One

    • Características Exteriores: Lighting

    Lote

    • Lote: 0.43 Hectáreas

    Otra Información de Propiedad

    • Número de Parcela: 244424P400808.0130

    • Zonificación: RSD

  • Tipo y estilo

    • Tipo de propiedad: Residential Income

    • Subtipo de propiedad: Multi Family

  • Utilidad

    • Cable Connected

    • Electricity Connected

  • Otra información financiera

    • Importe anual de impuestos: $21,912

  • Detalles de la fuente

    • MLS ID: A4619028

    Otros hechos

    • Materiales de construcción: Block / Stucco

    • Detalles de la fundación: Slab

    • Características de lavandería: None

    • Características del lote: Landscaped / Level / Near Public Transit

    • Otras estructuras: Shed(s)

    • Salón: 10952

    • Fuente de agua: Public

    • Tamaño de la parcela: 132 x 140

    • Nombre de subdivisión: CRANFORDS SUB

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: KELLER WILLIAMS ON THE WATER S