9 unit bldg extensively rehabbed in the hot, hot, hot Southwest Gardens neighborhood. All 1 bed apartments. All kitchens renovated, 6 of 9 bathrooms renovated, All 3 plumbing stacks replaced, east side lateral line being replaced right now, all HVAC is newer. Newer roof. Newer electrical. Thermal replacement windows throughout, steel replacement doors on rear of units, rear fire escapes torn off and very nice wood decks/exit stairs installed. Private, fenced back yard. a block from Botanical Gardens. 7.0% cap rate on 2017 actual income and expenses. Building has history of near-100% occupancy. Rents below market.
Listing courtesy of RE/MAX Results.
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