608 N 24 Ave

Alabama, 608 N 24 Ave, 33020

Property Description

No. Units: 2
Lot Size: 10,011 SF
Price/Unit: $149,950 /Unit
Property Type: Multifamily
Property Sub-type: Duplex/Triplex/Fourplex
Property Use Type: Investment
Commission Split: 2.50%
Cap Rate: 8.50%
Occupancy: 100%
Status: Active

Duplex with 2 separate homes on a large lot. One home is a 3/1 just painted currently rented for $1500.00 and the other unit is a 2/1 currently occupied by tenant for the last 4 years paying low rent of $1200. Property features two separate driveways each with two vehicle capacity. Roofs are in good condition and Central A/C units both run well. Main Septic line just replaced. Property is in up and coming area with many Townhouse communities being developed.

Location Description:
Located on 24 Avenue north of Hollywood Blvd.

Financial Summary / Actual
Net Operating Income / $27,200

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