Building Details:
This property is currently operating as a rooming house collecting weekly rent. This is a value add deal with great upside potential. There are ten bedrooms, one kitchen, one office, four bathrooms and two storage closets. There are currently three active tenants each paying $150 per week. If fully occupied, with all ten tenants paying the same rate at $150 per week, the property has potential to generate an NOI of $38,800 leaving the property with a 20.75% potential cap rate. PRINCIPALS ONLY. (Br. # 22096)
FOR ADDITIONAL INFORMATION, PLEASE CONTACT ADAM YACOBY AT 305-310-9248.
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- Brian Schmitt, agent and Rofo Pro
