NO VERBAL OFFERS, NO LOW BALL OFFERS EITHER.
This 2-bedroom, 1-bath house, with a great tenant paying $1,600 p/month on a yearly contract ending 07.04.2024. The welcoming living room, a functional kitchen, and two bedrooms. The single bathroom is efficiently appointed. New water heater (09/2022), new electrical panel (09/2022), all done with permits. For sale separately or together as a package with mls# A11442951 and mls# A11442959 for $735,000.
With a combined gross rental annual income of $63,600 from the three houses, annual taxes amount to $6,815, while insurance costs total $8,718. After deducting these expenses, the net income for the property portfolio would be $48,067 per year.
Seller may be interested in an exchange that will include all 3 houses for a multi-family in Miami.