Multifamily in Brownsville, FL 33142

Brownsville No HOA, 2951 NW 46th St

Excellent investment opportunity in OPPORTUNITY ZONE! An investor can benefit from Capital Gain tax deductions! This is a duplex property sitting on a commercial lot with an opportunity to build a commercial property in the future. The property just remodeled top to bottom with permits and passed inspections. CBS construction. ALL NEW; roof, hurricane impact windows and doors installed, electrical and plumbing system is updated, tile floors installed, updated kitchens and bathrooms. Additionally, the property is fenced, security lights and cameras installed. Separate electrical and water meters. Both units are rented (each unit rented for $1500). Annual Gross Income is $36000. Expenses: Property Tax =$2548, Insurance =$2643. Net Operating Income =$30809. ROI= 8.8% ($30809/$349000)