$475,000
- 5 Beds
- 2 Baths
- 1,550 SqFt
- $306/SqFt
No hoa. 5 bed, 2 bath waterfront home on a large 6, 900 sqft lot. Rented for $4, 806/month. The rental income is supported by a government housing assistance program (as of february: $4, 502 government / $304 tenant). Potential rent at renewal of up to $4, 972/month, based on current payment standards. Lease renews 01/31/2027. The tenant has been at the property since feb 2025. Impact windows, roof 2010, ac 2024. ||
current management company available for seamless transition. Please do not disturb tenant or knock on the door!
|| portfolio sale available (review broker's remarks)
~10.4% return after property taxes, based on current contractual rents (before other operating expenses).
Investment opportunity consisting of a 9 single-family homes portfolio located in broward county, florida.
* total portfolio asking price: $4, 198, 000.
* total contractual rents for the portfolio: $42, 497/month ($509, 964/year).
* total 2025 property taxes: $73, 955.
*tenant rents include a portion paid directly by the government.