Multifamily in Fort Lauderdale, FL 33312

Hoosier Heights, 1101 SW 24th Ave #1-3

6.3 % Cap Rate, Legal Triplex, This property boasts a prime location and all tenants have signed leases with a 2-month security deposit and no history of eviction. There are two studios that are rented at $1450 and $1500, respectively. Additionally, a 2-bedroom/1-bathroom unit is currently rented for $1800 but could easily be increased to $2100. All units feature new kitchens with new appliances and tile flooring, as well as two parking spaces per unit. The actual yearly income for the property is $57,000, but it can easily be increased to $60,600 per year. The expenses for the property include $7300 in taxes, $300 for water and electricity, and $50 for gardening, totaling $11,500. net income for the property is $45,500, with a projected income of $49,400.