Price Reduced 4.17%

$2,300,000

Est. Mortgage $11,630/mo *

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Price History

$2,400,000
7/25/2024

$2,300,000
12/10/2024

14840 Naranja Lakes Blvd, #C2L, Homestead, FL, 33032

14840 Naranja Lakes Blvd, #C2L, Homestead, FL, 33032
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1974

EXCLUSIVE SALE: $400K PRICE REDUCTION!! An exceptional investment opportunity of 16 condo units in a complex of 240 units. These units offer a prime location combined with a strong rental market. Each condo has 1,075 sq. ft., featuring 2 beds and 1.5 bathrooms All units are rented, ensuring immediate cash flow. The price per unit is $143,750. The median market rent for similar units in the area is $2,100. The current gross rent is $270,800 with a potential annual rent of $372,800. The seller is open to seller financing with favorable terms: 50% down and 7% interest-only for the first 3 years. Impact windows in each unit, new roof, and recent exterior paintwork have been paid for through a previous assessment. Don't miss this rare opportunity to acquire an income-generating portfolio.

Status:

Active

Type:

Commercial

Units:

14

Zoning:

3900

Garage:

Assigned, Accessible Parking, Guest

Heating:

Central

Cooling:

Central Air

Common Charge:

$499 Monthly

Est. Taxes:

$1,613

HOA Fee

$499

Construction

Block

Days on Market:

55

Lease Term Type:

Month To Month

MLS #:

A11628906

Community Info

School Info

Walk Score

Yelp

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Listing courtesy of Keller Williams Capital Realty Phone: 305-662-7325