14840 Naranja Lakes Blvd #C2L ,Income Non-waterfront for Sale & Rent

14840 Naranja Lakes Blvd #C2L for Sale & Rent

Price $2,800,000.00

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

Description

EXCLUSIVE SALE: $400K PRICE REDUCTION!! An exceptional investment opportunity of 16 condo units in a complex of 240 units. These units offer a prime location combined with a strong rental market. Each condo has 1,075 sq. ft., featuring 2 beds and 1.5 bathrooms All units are rented, ensuring immediate cash flow. The price per unit is $143,750. The median market rent for similar units in the area is $2,100. The current gross rent is $270,800 with a potential annual rent of $372,800. The seller is open to seller financing with favorable terms: 50% down and 7% interest-only for the first 3 years. Impact windows in each unit, new roof, and recent exterior paintwork have been paid for through a previous assessment. Don't miss this rare opportunity to acquire an income-generating portfolio.

Please call Josh with questions, 734-560-8931. Seller financing is available: 50% down and 7% interest-only for the first 3 years. All 16 units are rented out. The seller is not selling a building.

NARANJA LAKES CONDO 5 UNIT C2L - BLDG C UNDIV .413% INT IN COMMON ELEMENTS CLERKS FILES 73R119460-75R8964 OR 20998-1228 0103 1 COC 24714-335

EXCLUSIVE SALE: $400K PRICE REDUCTION!! An exceptional investment opportunity of 16 condo units in a complex of 240 units. These units offer a prime location combined with a strong rental market. Each condo has 1,075 sq. ft., featuring 2 beds and 1.5 bathrooms All units are rented, ensuring immediate cash flow. The price per unit is $143,750. The median market rent for similar units in the area is $2,100. The current gross rent is $270,800 with a potential annual rent of $372,800. The seller is open to seller financing with favorable terms: 50% down and 7% interest-only for the first 3 years. Impact windows in each unit, new roof, and recent exterior paintwork have been paid for through a previous assessment. Don't miss this rare opportunity to acquire an income-generating portfolio.

City:Homestead,Zoning:3900,List A O R:A-Miami Association of REALTORS,Latitude:25.5092323,Cooling Y N:1,Heating Y N:1,Lease Term:Month To Month,Renewal Option,List Price:2800000,Listing Id:A11628906,Longitude:-80.432872,Mls Status:Active,Year Built:1974,Postal Code:33032,Street Name:Naranja Lakes Blvd,Tenant Pays:1:Inside Insurance,Unit Number:C2L,Coordinates:1:25.5092323,Photos Count:23,Building Name:A, B, C, & D,Business Type:1:Residential-Multi-Family,Days On Market:127,Listing Terms:1:Conventional/Refinance,2:Owner Will Carry,Lot Size Units:Square Feet,M I A M I R E_ Area:69,On Market Date:2024-07-25,Parcel Number:30-69-33-014-1550,Property Type:Commercial Sale,Street Number:14840,Public Remarks:EXCLUSIVE SALE: $400K PRICE REDUCTION!! An exceptional investment opportunity of 16 condo units in a complex of 240 units. These units offer a prime location combined with a strong rental market. Each condo has 1,075 sq. ft., featuring 2 beds and 1.5 bathrooms All units are rented, ensuring immediate cash flow. The price per unit is $143,750. The median market rent for similar units in the area is $2,100. The current gross rent is $270,800 with a potential annual rent of $372,800. The seller is open to seller financing with favorable terms: 50% down and 7% interest-only for the first 3 years. Impact windows in each unit, new roof, and recent exterior paintwork have been paid for through a previous assessment. Don't miss this rare opportunity to acquire an income-generating portfolio.,Association Fee:499,County Or Parish:Miami-Dade County,List Office Name:Keller Williams Capital Realty,Private Remarks:Please call Josh with questions, 734-560-8931. Seller financing is available: 50% down and 7% interest-only for the first 3 years. All 16 units are rented out. The seller is not selling a building.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Increase,Parking Features:1:Guest,Postal Code Plus4:8335,Property Sub Type:Income/MultiFamily,State Or Province:FL,Tax Annual Amount:1613,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,Security Features:1:Security Guard,Year Built Details:Resale,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:2200000,Previous List Price:2300000,Public Survey Range:69,Documents Available:1:Deed,2:Rent Rolls,3:Title/Abstracts,I D X Participation Y N:1,Syndication Remarks:EXCLUSIVE SALE: $400K PRICE REDUCTION!! An exceptional investment opportunity of 16 condo units in a complex of 240 units. These units offer a prime location combined with a strong rental market. Each condo has 1,075 sq. ft., featuring 2 beds and 1.5 bathrooms All units are rented, ensuring immediate cash flow. The price per unit is $143,750. The median market rent for similar units in the area is $2,100. The current gross rent is $270,800 with a potential annual rent of $372,800. The seller is open to seller financing with favorable terms: 50% down and 7% interest-only for the first 3 years. Impact windows in each unit, new roof, and recent exterior paintwork have been paid for through a previous assessment. Don't miss this rare opportunity to acquire an income-generating portfolio.,Listing Contract Date:2024-07-25,Originating System I D:miamire,Public Survey Section:33,Showing Instructions:Appointment Only,See Broker Remarks,Showing Assist,Street Number Numeric:14840,Tax Legal Description:NARANJA LAKES CONDO 5 UNIT C2L - BLDG C UNDIV .413% INT IN COMMON ELEMENTS CLERKS FILES 73R119460-75R8964 OR 20998-1228 0103 1 COC 24714-335,Lease Renewal Option Y N:1,Public Survey Township:69,Originating System Name:Miami Association of REALTORS?,Association Fee Frequency:Monthly,M I A M I R E_ Internet Remarks:16 rented condo units with immediate cash flow. 10% cap rate!!,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2024-07-25,Internet Address Display Y N:1,Number Of Units In Community:14,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,Internet Automated Valuation Display Y N:1,