14840 Naranja Lakes Blvd #C2M ,Income Non-waterfront for Sale & Rent

14840 Naranja Lakes Blvd #C2M for Sale & Rent

Price $3,606,000.00

• Lot size 1075
• Year Build 1974
• Waterfront
• Zip 33032
• Style
• Parking Description Assigned, Guest, Handicap Parking
• Pool Yes
• Status Active

Description

Portfolio sale of 19 income-producing condominium units, located in the vicinity of the City of Homestead, FL, but built on unincorporated Miami-Dade. Each unit is 2/1/.5, and all units have 1,075 Sq. Ft. of Living Area. Most of the 19 units are rented, below market rent, while others are vacant. The listing price per unit is $192K, and it is based on a market GRM of 96, and a market rent of $2,000. Naranja Lakes Condominium No. 5 is composed of four buildings, and the 19 units for sale are distributed among them. The condominium's buildings and its units are undergoing renovations, funded entirely by a previous assessment, such as exterior paint, and new impact windows for each unit. The condominium's 40-year recertification was successfully conducted in 2015.

The Seller is not selling a building(s). The Seller is selling 19 condo units in the same complex. Unit A4H was purchased with fire damage, and has not been remodeled. It is being sold for $150K, in comparison to the $192K for each of the 18 remaining units. Seller Financials available upon receiving LOI, and proof of funds. Call LA to schedule a visit of the vacant units.

NARANJA LAKES CONDO NO 5 UNIT C2M - BLDG C UNDIV .413% INT IN COMMON ELEMENTS CLERKS FILES 73R119460-75R8964 OR 15055-940 0591 1

Portfolio sale of 19 income-producing condominium units, located in the vicinity of the City of Homestead, FL, but built on unincorporated Miami-Dade. Each unit is 2/1/.5, and all units have 1,075 Sq. Ft. of Living Area. Most of the 19 units are rented, below market rent, while others are vacant. The listing price per unit is $192K, and it is based on a market GRM of 96, and a market rent of $2,000. Naranja Lakes Condominium No. 5 is composed of four buildings, and the 19 units for sale are distributed among them. The condominium's buildings and its units are undergoing renovations, funded entirely by a previous assessment, such as exterior paint, and new impact windows for each unit. The condominium's 40-year recertification was successfully conducted in 2015.

City:Homestead,Zoning:3900,List A O R:A-Miami Association of REALTORS,Tax Year:2022,Latitude:25.509002,Cooling Y N:1,Heating Y N:1,Lease Term:Month To Month,Renewal Option,List Price:3606000,Listing Id:A11432405,Longitude:-80.43267,Mls Status:Active,Ownership:Self Proprietor/Individual,Year Built:1974,Directions:Turnpike South to exit 6, SW 137th Ave. Keep right, and turn left on SW 272nd St. Continue and turn right on SW 276th ST. Turn left on 145th Ave., and turn right onto Naranja Lakes Blvd. The entrance will be on the left.,Postal Code:33032,Street Name:Naranja Lakes Blvd,Tenant Pays:1:Inside Insurance,Unit Number:C2M,Coordinates:1:25.509002,Photos Count:20,Building Name:A, B, C, & D,Business Type:1:Condominium,Days On Market:91,Listing Terms:1:Cash,2:Conventional/Refinance,Lot Size Units:Square Feet,On Market Date:2023-06-01,Parcel Number:30-69-33-014-1560,Property Type:Commercial Sale,Street Number:14840,Public Remarks:Portfolio sale of 19 income-producing condominium units, located in the vicinity of the City of Homestead, FL, but built on unincorporated Miami-Dade. Each unit is 2/1/.5, and all units have 1,075 Sq. Ft. of Living Area. Most of the 19 units are rented, below market rent, while others are vacant. The listing price per unit is $192K, and it is based on a market GRM of 96, and a market rent of $2,000. Naranja Lakes Condominium No. 5 is composed of four buildings, and the 19 units for sale are distributed among them. The condominium's buildings and its units are undergoing renovations, funded entirely by a previous assessment, such as exterior paint, and new impact windows for each unit. The condominium's 40-year recertification was successfully conducted in 2015.,Association Fee:468,County Or Parish:Miami-Dade County,Expiration Date:2024-05-31,List Office Name:Info Miami Realty, Inc.,Private Remarks:The Seller is not selling a building(s). The Seller is selling 19 condo units in the same complex. Unit A4H was purchased with fire damage, and has not been remodeled. It is being sold for $150K, in comparison to the $192K for each of the 18 remaining units. Seller Financials available upon receiving LOI, and proof of funds. Call LA to schedule a visit of the vacant units.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Parking Features:1:Guest,2:Handicap Parking,Postal Code Plus4:8335,Property Sub Type:Income/MultiFamily,State Or Province:FL,Tax Annual Amount:1348,Unparsed Address:14840 Naranja Lakes Blvd, Homestead FL 33032,Building Features:1:Laundry Facilities,2:Lobby,Listing Agreement:Exclusive Right To Sell,Road Frontage Type:1:County Road,Year Built Details:New Construction,Building Area Total:1075,Building Area Units:Square Feet,Lease Considered Y N:1,Lot Size Square Feet:1075,Number Of Buildings:4,Original List Price:3606000,Public Survey Range:69,Documents Available:1:Deed,2:Title/Abstracts,I D X Participation Y N:1,Syndication Remarks:Portfolio sale of 19 income-producing condominium units, located in the vicinity of the City of Homestead, FL, but built on unincorporated Miami-Dade. Each unit is 2/1/.5, and all units have 1,075 Sq. Ft. of Living Area. Most of the 19 units are rented, below market rent, while others are vacant. The listing price per unit is $192K, and it is based on a market GRM of 96, and a market rent of $2,000. Naranja Lakes Condominium No. 5 is composed of four buildings, and the 19 units for sale are distributed among them. The condominium's buildings and its units are undergoing renovations, funded entirely by a previous assessment, such as exterior paint, and new impact windows for each unit. The condominium's 40-year recertification was successfully conducted in 2015.,Financial Data Source:1:Owner Provided,Listing Contract Date:2023-06-01,Originating System I D:miamire,Public Survey Section:33,Showing Instructions:Appointment Only,Lockbox-Call List Agent,Street Number Numeric:14840,Tax Legal Description:NARANJA LAKES CONDO NO 5 UNIT C2M - BLDG C UNDIV .413% INT IN COMMON ELEMENTS CLERKS FILES 73R119460-75R8964 OR 15055-940 0591 1,Lease Renewal Option Y N:1,Public Survey Township:69,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2%,Association Fee Frequency:Monthly,Contract Status Change Date:2023-06-01,Internet Address Display Y N:1,Number Of Units In Community:19,M I A M I R E_ Ok To Advertise List:No,Dual Variable Compensation Y N:1,Transaction Broker Compensation:2%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,