Multifamily in Homestead, FL 33033

408 NE 18th Ave

Investor Alert! 7 Contiguous Condos being sold together in a package deal for $999,950 that is $142,850 per door. This property is a cash cow with an association fee of $25 per unit & there is lots of upside on the rents. Zillow conservatively estimates the rents should be at $1399/month. The building has a Brand-New Roof with Architectural Shingles, Final Permit Date 5/19/21. Each Condo has Separate Electric & Water Meters. Tenants get bill from City of Homestead for Electric, Water, Sewer & Garbage. Lawn & Common areas maintained by the association. Central A/C in all 7 units. Each unit has 2 Bed 1 Bath upstairs & 1/2 Bath downstairs. Community has Pool & Tennis Court. Units 3, 5 & 7 are vacant on Supra so go and show. Call the Listing Agent for more details about this Income Property...