Multi-Family - Miami, FL
Remodeling Unit #3; a new 2.5 Ton York A/C compressor and air handling unit, kitchen wood cabinet, new refrigerator, range, front door, impact sliding balcony door, painted. All units are spacious 2/1s with central A/C & walk-in closets,Impact windows.New roof done in 2013+-.Two of the A/C systems are less than 3 years old, one is about 6 months, building is concrete construction, very low maintenance.Increase in sale price from 2001 to 2002, 8% per year.Potential average yearly increase in sale price from 2002 to 2017, 12% per year.Laundry $60/MTH.Unit #3 was just rented for $1200.Units 1,2, & 4 are being raised to $1200 per Month. The Apartment Building next door is already renting 2/1 for $1300 per month. Owner is currently refurbishing the building at a cost of approximately $15,000+_
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