Multifamily in Miami, FL 33142

17th Avenue Manor, 1725 NW 44th St

Excellent income-producing opportunity, priced to sell! 100% occupied with tenants who have been there over 10 yrs. Front is rented Section 8 as a 4/2 & 2/1, but can be separated into a 3/1 and 1/1 providing additional rental income; Rear is private rental; Both units are month-to-month. Current rents are below Payment Standard producing $34,200 in GI but can be adjusted to meet current Payment Standard to produce $59,688 with a potential CAP of 15.69%! SEE ATTACHED FINANCIALS. Property has passed all Section 8 inspections. Central A/C units from 2018 & 2020; double electrical meters; tankless water heaters; tile throughout; windows/doors security bars; fenced; both units have their own private entrances and yard spaces. Parking for 3 cars outside/2 inside.