AvailableMultifamily Sale
2 Miramar Units!
6142 SW 40th Ct, Miramar, FL 33023
Seller Financing Available
Offering Price$479,000
Building1,525 SF
Land5,110 SF
Cap Rate9%
Property Photos
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Property Overview
Investment Opportunity
OWNER FINANCING AVAILABLE!!! Fantastic Find In The Heart Of Miramar! This Large Duplex Features A Spacious 3-Bedroom, 2-Bath Unit And A 1-Bedroom, 1-Bath Unit. The Property Needs Updating But Is Priced Accordingly. Current Rents Are Below Market, Offering Plenty Of Room For Growth. Scroll Down To View Income & Expenses & Other Property Details!
Property Information
Property Details
Property Basics
Property CategoryMultifamily Sale
CountyBroward
ZoningRM4- Multifamily 2-9 Units (08)
APN514125130270
Building SF1,525 SF
Land SF5,110 SF
Land Acres0.12
Year Built1956
Building & Systems
Number of Buildings1
Number of Stories1
Electric Meters2
Water Meters1
LaundryNone
Investment Metrics
Price Per Building SF$314.10 / SF
Price Per Land SF$93.74 / SF
Financial Overview
Investment Financials
Actual Financials
Gross Income$24,000
Operating Expenses$11,515
Net Operating Income$12,485
Cap Rate3%
Proforma Financials
Gross Income$54,000
Operating Expenses$11,515
Net Operating Income$42,485
Cap Rate9%
Unit Mix
1
OccupiedBed/Bath3/2
Actual Rent$2,000
Proforma Rent$2,500
LeaseMTM
2
VacantBed/Bath1/1
Proforma Rent$2,000
Expense Breakdown
Taxes$6,915.00
Insurance$4,000.00
Landscaping$600
Total Expenses$11,515
Expense Notes
Insurance Is Estimated. Trash is included with water