79-Bank owned 80 unit condo in Miami, Florida
We are receiving lots, and lots of properties, but this is one of those few great properties that are worth take a look at. This new bank owned 80 unit property is in great conditions, and is located in a class A area. The property was recently built back in 2004, and it has been well maintained since then. The parking lot has a lot space for the owners, and the guests that are welcomed in that property. It is 60% occupied at the moment, and it will possibly go up in the next coming months as new owners are looking for that great home to rent.
The property is split as follow, 20 2/1 with 980 Sq Ft $35,000 per door, 20 3/2 with 1,380 Sq Ft $40,000 per door, 20 3/3 with 1,560 Sq Ft $45,000 per door, 10 4/3 with 1,820 Sq Ft $50,000 per door, and 4/4 with 1,980-2,000 Sq Ft $55,000 per door. These prices are as a bulk, so it can only be done if some purchases every unit as a bulk. The units have been well maintained. The property also includes the following amenities: pool, tennis court, terrace with a great view, a state of the art gym, and a party room. It is also a highly secured building with cameras located in the parking garage, on the amenities, the hallways, and the elevators (By the way the elevators have been well maintained and look astonishing).
This is a steal in many ways because of where is located and the price value of the property. If you are interested in taking a look at the NOI or at the taxes, than please call UR-COUSIN Emile Farah at the following number: 305-754-1000 or 305-967-7200 for more information regarding this or other properties. In the meantime if this is not the right property for you, than why not the following properties:
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