45
$899,000 Sale
Listed 14 days ago
235-237 SW 12th St
· 0
· 0
· 5
· 2548
Key Facts
Key facts for 235-237 SW 12th St
Property Type
Apartment, Unspecified
Parking
5 parking
MLS #
A12095118
Size
2548 sqft
Basement
-
Listed on
-
Lot size
-
Tax
$9,311 /yr
Days on Market
-
Year Built
1986
Maintenance Fee
-
Description
CASH COW IN DANIA BEACH! Offered at $899,000 with owner-reported gross income of $9,750/month ($117,000/year). Originally 2 units, now arranged as 4 rental spaces PLUS an income-producing camper included in the sale! 235: 2BR/1BA with service entrance and a patio ideal for outdoor entertaining—$2,5...00/month. 237 A: 2BR/1BA with a private patio; tenant pays utilities—$2,450/month. 237 B: Efficiency with a walk-in closet—$1,500/month. 237 C: Newly updated 2BR/1BA with a new kitchen and bathroom—$2,250/month. Camper: Connected to water and electricity—$1,050/month. All four rental spaces have in-unit washers and dryers! AC centrals or split. Reported annual expenses of $23,400 leave $93,600 before vacancy, repairs, reserves, additional management and debt service, indicating a 10.41% cap rate at asking price if all current rents continue. Additional conversions are unauthorized. Buyer to verify permitted uses, camper rental status, leases, income and expenses.
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Listing courtesy of: Brickell Brokers LLC