**Stunning Multifamily Home with Immediate Investment Potential**
This listing is for a mobile home (trailer), and potential buyers or renters should read the full description carefully before contacting the owner to ensure they understand the property's terms and conditions.
One key detail is that the land on which the mobile home sits is not owned by the property owner. Instead, there is a monthly land payment to the Homeowners Association (HOA), which means the owner pays fees to use the land but does not actually own it. Buyers should be aware that purchasing this mobile home does not include ownership of the land itself.
The property consists of three separate rental units, each generating approximately $1,600 per month in rent. This results in a total gross cash flow of about $4,800 per month. However, after deducting expenses such as the HOA land payment and any maintenance or management costs, the owner is left with around $3,200 in net income every month.
Welcome to this beautifully updated multifamily residence, ideally situated in a vibrant and desirable neighborhood. This property features three separate, fully equipped apartments, each designed with contemporary finishes and modern conveniences.
**Key Features:**
- **Recent Updates**: Each apartment has undergone extensive renovations, showcasing fresh paint, stylish flooring, and upgraded appliances. The kitchens are thoughtfully designed with ample storage, sleek countertops, and energy-efficient appliances, making them perfect for both cooking enthusiasts and busy professionals.
- **Spacious Layouts**: The apartments offer generous living spaces, accommodating a range of lifestyles. Enjoy bright, airy rooms with large windows that flood each unit with natural light, creating a welcoming atmosphere for residents.
- **Strong Rental History**: Currently occupied by reliable tenants, this multifamily home represents an excellent opportunity for immediate cash flow. The established rental income provides an instant return on investment, making it an ideal choice for both seasoned investors and first-time buyers looking to enter the real estate market.
- **Prime Location**: Nestled in a sought-after area, this property is conveniently located near public transportation, shopping centers, parks, and schools. Its prime location ensures high demand for rental occupancy, securing your investment for the long term.
- **Outdoor Amenities**: The property features outdoor space for tenants to enjoy, whether it’s a shared backyard or a cozy patio area, providing a wonderful added value to the living experience.
- **Easy Maintenance**: The recent renovations and updated systems reduce the burden of maintenance, allowing you to focus on managing your investment rather than extensive repairs.
Don’t miss out on this exceptional opportunity to own a multifamily home that combines modern living with immediate rental income. Whether you're looking to expand your portfolio or embark on a new investment venture, this property offers both stability and growth potential. Schedule a viewing today and explore the possibilities that await in this contemporary haven!
For sale by owner
$250,000
1445 SW 127th Ct, Miami, FL 33184
3beds
2,000sqft
Est.:
MultiFamily
Built in 1997
-- sqft lot
$248,200 Zestimate®
$125/sqft
$1,120/mo HOA
What's special
Recent updatesFresh paintLarge windowsAmple storageSleek countertopsCozy patio areaSpacious layouts
- 148 days
- on Zillow |
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