1845 Lee St

Florida, 1845 Lee St, 33020

Property Description

No. Units: 27
Lot Size: 37,409 SF
Price/Unit: $101,851.85 /Unit
Property Type: Multifamily
Property Sub-type: Garden/Low-Rise
Property Use Type: Investment
Commission Split: 4%
Cap Rate: 7.50%
Occupancy: 100%
Status: Active

Some owner financing available!! This is an assemblage of 3 separate folios which are turnkey. Addresses are 1845, 1855 Lee Street and 2225 N 19 Ave. Consists of 1 2/1, 21 1/1’s and 5 efficiencies totaling 27 units. Property has tropical resort type feel. 40 year certification was done May 2011. Potential for huge increases in revenue if buyer wants to rent seasonal or weekly. Beautiful pool, laundry machines, most units furnished, recent roofs, storm shutters, sprinklers, camera system. Excellent cap rate (7.5 at asking price) with potential for more. Please do not send an anonymous email asking for more info. If you have any questions CALL ME and I will be happy to answer any questions. Owner will pay 2% to buyer’s broker. Thanks.

Location Description:
East Hollywood

Financial Summary / Actual
Year / 2015
Net Operating Income / $205,862

Map

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