INCREDIBLE OPOORTUNITY to BUY a DUPLEX FOR ONLY $550,000, ONE OF THE BEST LOCATIONS IN HALLANDALE BEACH, THIS PROPERTY is situated in a LAND of 6,246 sf - GREAT SIZE.!!!!! Building Size: 1,536 sf. GREAT LOCATION AND GREAT EXPOSURE.!!!! Apt. #1: (1Be/1Ba) = $1,300.00 Apt. #2: (1Be/1Ba) = $1,350.00 Total Income: =$2,650.00/month Yearly Income: =$31,800.00/year EXPENSES: Property Taxes 2021 = $4,419.59 Water/Sewer/Trash =$1,800.00 Total Expenses: =$6,219.59/year Net Operating Income =$25,580.41/year REDUCED SELLING PRICE: $550,000.00 CAP RETURN: 4.65% - POTENTIAL TO INCREASE FOR 6.72% CAP RETURN, MARKET RENTS COULD BE $1.800 TO $2,000 PER APARTMENT, RENTS ARE UNDER MARKET VALUE. AS PER OWNER: NEW ROOF, NEW WINDOWS, UPDATES BATHS AND KITCHENS.
Listing courtesy of The Keyes Company.