Naranja Lakes Portfolio

EXCLUSIVE SALE: $400K PRICE REDUCTION!! An exceptional investment opportunity of 16 condo units in a complex of 240 units. These units offer a prime location combined with a strong rental market. Each condo has 1,075 sq. ft., featuring 2 beds and 1.5 bathrooms All units are rented, ensuring immediate cash flow. The price per unit is $143,750. The median market rent for similar units in the area is $2,100. The current gross rent is $270,800 with a potential annual rent of $372,800. The seller is open to seller financing with favorable terms: 50% down and 7% interest-only for the first 3 years. Impact windows in each unit, new roof, and recent exterior paintwork have been paid for through a previous assessment. Don't miss this rare opportunity to acquire an income-generating portfolio.
Exclusive Sale: 16 Condo Units in Miami-Dade
An exceptional investment opportunity awaits in this meticulously maintained complex of 240 units, where 16 premium condo units are now available for purchase. Nestled in the thriving and rapidly growing area near the City of Homestead, these units offer a prime location combined with a strong rental market.
Property Highlights:
* Unit Details: Each condo boasts a spacious 1,075 sq. ft., featuring 2 bedrooms and 1.5 bathrooms
* Stable Rental Income: All units are currently rented with long-term tenants, ensuring immediate cash flow. The median market rent for similar units in the area is $2,100, presenting a significant potential for rental income growth.
* Investment Flexibility: The units are available for sale in groups, with a minimum purchase requirement of 5 units
* Seller Financing: The seller is open to offering first-position financing with favorable terms: 50% downpayment and a 7% interest-only option for the first 3 years.
* Recent Upgrades: The property has passed the 40-year recertification in 2015. Additionally, the installation of impact windows in each unit, new roof, and recent exterior paintwork have been fully paid through a previous assessment.
* Financial Overview:
* Price Per Unit: $143,750
* Gross Annual Rent: $270,800
* Potential Annual Rent: $372,800
Location Benefits:
* Close to major highways, shopping centers, schools, and recreational facilities, making it an attractive location for tenants.
Don't miss this rare opportunity to acquire a solid, income-generating property in a highly sought-after area. Whether you are looking to expand your investment portfolio or seeking a stable long-term investment, these condo units offer unparalleled value and growth potential.