• 208TH MIAMI, FL 33187

  • 4 Baths 3,335 SqFt
  • Commercial / Rent To Own
1 of 7
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Property Details for 208TH St, MIAMI, FL 33187

Features

Facts

Sale Type

Rent-to-own homes can be purchased using a Lease Option. This means the buyer rents the home for a set period of time, sets aside a portion of monthly rent payments during this time, and then has an option to purchase the home later, using the accumulated savings toward the down payment. Rent-To-Own properties offer home ownership opportunities to those who have poor credit or can't afford the down payment. It gives buyers time to rebuild their credit and accumulate purchase credits while living in the house.

Description

Income producing property on 2+/- acres corner lotnCurrent NOI $161k w/ owner running Airbnb in 1 unit, projected NOI $244.7kn*SELLER FINANCING *nDrone footage and Financials available upon requestnn1x 3-unit structure (built 2019), 1x 2-unit structure (built 2012), 1x 1bed, plus1 RV being used as an apartment, room to add more RV's or build your very own ranch homenncommit;nTotal monthly income $14,350. Projected monthly $21,200 gross w/ Section 8 (source: HudUser) Since Housing Authority is severely in need of more Sec. 8 Landlords, potential to earn even higher premiums on rents. Buyer responsible for all DD. Has coin laundry, nursery, fruit trees ,well water, 2 electric gates(2 private entrances). Horse stable can be rented out for add'l $nnAll structures on the property are legal

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Property Brokerage: NEW WAVE REALTY, LLC 3050 Biscayne Blvd Suite 301 Miami FL 33137
Copyright © 2024 MIAMI Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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