Listing Summary
This trophy income-producing asset consists of 10 units, each featuring a 1-bedroom, 1-bathroom layout. Located on a strategic corner lot, the property offers strong visibility and accessibility.
Full Description
This trophy income-producing asset consists of 10 units, each featuring a 1-bedroom, 1-bathroom layout. Located on a strategic corner lot, the property offers strong visibility and accessibility. While it requires some renovations, these improvements present a clear value-add opportunity that can significantly increase rental income. Currently operating with below-market rent rates and stable long-term tenants, the property is well-positioned for income growth. Each unit is equipped with split A/C systems, enhancing tenant comfort. Additionally, the building has successfully completed its 50-year recertification, ensuring compliance and reducing future capital risk. This is an ideal investment for those seeking a high-potential multifamily asset in a solid location.
Quick Glance
- Listing ID:
CL-Florida-15073
- Status:
Active
- Year Build:
1964
- Building Size:
4,617 SqFt
- Lot Size:
N/A
-