**CALL FOR CASH OFFERS DISCOUNTED AT 1.75M 6% CAP IF CLOSE IN APRIL**Renovated 6-unit multifamily w/6 assigned parking spaces STEPS from units (HUGE RENTER DEMAND) + 20% upside in existing rents & massive value add to unlock via multiple avenues: **Unit 1 LEASE renewal (3/2023-2024) increased $300/month to $1800 + unit 4 up $350/month to $1850 & unit 2 at $2,000/month April 15th- collectively increasing CAP w/additional upside rents + value-add (proforma +11.72% CAP). IN-PLACE NOI- $104,839.rnrnCAPEX- Seller expended over $75K installing new plumbing/sewer line Jan-2024 w/50-year warranty, two new AC units, renovations, landscaping, irrigation system, etc. since listing. OWNER DELIVERING TURNKEY CONDITION WITH NO MAJOR CAPEX REQUIRED BY NEW BUYER (VS MOST AREA MULTIFAMILIES ON MARKET)
6955 Rue Vendome, Miami Beach, Florida 33141
