2834 W Trade Avenue Coconut Grove FL 33133
|Living Area||2056 SqFt|
One town home for sale for investors! Sellers are willing to lease the town home back after closing at $6,000/month. Tenant will pay pool maintenance and utilities. At $6,000/month, annual gross income will be $72,000. Real estate taxes estimated $18,000, insurance estimated $5,000 and misc repairs estimated at $1,000. Total expenses $24,000. NOI $48,000. CAP rate (return on investment): 4.5%. With no vacancy and no commission to lease the unit, another $12,000 in savings for the first year which will bring the effective income to $60,000. Opportunity to purchase an asset that doesn't need any work for years to come. EZ to rent. Excellent elementary school district. Sellers will deliver the unit vacant if buyer desires for occupancy or lease at a higher rate.
|Approx Living Area SqFt:||2056|
|Total Floors in Building:||2|
For more information regarding this or any other property in Coconut Grove please contact Miami Real Estate Company at or click here to request additional details.
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Listing courtesy of: Miami Real Estate Company
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