5610 NE 18 Avenue

Florida, 5610 NE 18 Avenue, 33308

Property Description

Property Details:

No. Units: 8
Building Size: 8,500 SF
Lot Size: 10,000 SF
Price/Unit: $116,250 /Unit
Property Type: Multifamily
Property Sub-type: Garden/Low-Rise
Property Use Type: Investment
Commission Split: 5%
Cap Rate: 7.34%
Occupancy: 100%
No. Stories: 2
Year Built: 1972
Tax ID/APN: 494212030040
Status: Active

Great investment on this updated clean apartment complex. Central air, large units, backyards, spacious, laundry room.

Location Description:
I-95 to commercial Boulevard east to 18 Ave., north to the property.

Financial Summary / Actual
Scheduled Gross Income / $75,600
Effective Gross Income / $76,100
Operating Expenses / $14,989
Net Operating Income / $61,111

Unit Mix Information:
Description / No. Units / Avg. Mo. Rent
1 Bed-room / 8 / $800

Map

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