TITLE:
Miami Florida Duplex on Half Acre Free & Clear
CONTROL:
Exclusive
VALUE:
$850,000
LOAN:
$0
EQUITY:
$850,000
TYPE:
Development
HAVE:
Duplex (1 side is tear out) on .47 acres with accessory structure for sale or trade. Can add 36 acre parcel in Tubac, Arizona ($250k value).
ADDRESS:
509 Southwest 19th Ave, Miami, Florida
BENEFITS TO NEW OWNER:
Can be renovated or tear down for multi-unit housing.
GROSS SCHEDULED INCOME:
$22,200 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$22,200
EXPENSES:
$9,500
NOI:
$12,700
DEBT SERVICE:
$0
CASH FLOW:
$12,700
CAP RATE:
1.49%
BENEFITS SOUGHT:
Cashout/doesn't want
CAN ADD:
Parcel in Tubac AZ, 36 acre, gated worth $250k, free and clear
REMARKS:
Willing to reinvest or park equity
COUNSELOR:
Doug Seemann
Homesmart Advantage Group
PO Box 69868
Oro Valley, Arizona, 85737
