CASH COW IN DANIA BEACH! Offered at 899,000 with owner-reported gross income of 9,750/month (117,000/year). Originally 2 units, now arranged as 4 rental spaces PLUS an income-producing camper included in the sale!
235: 2BR/1BA with service entrance and a patio ideal for outdoor entertaining2,500/month.
237 A: 2BR/1BA with a private patio; tenant pays utilities2,450/month.
237 B: Efficiency with a walk-in closet1,500/month.
237 C: Newly updated 2BR/1BA with a new kitchen and bathroom2,250/month.
Camper: Connected to water and electricity1,050/month.
All four rental spaces have in-unit washers and dryers! AC centrals or split. Reported annual expenses of 23,400 leave 93,600 before vacancy, repairs, reserves, additional management and debt service, indicating a 10.41% cap rate at asking price if all current rents continue.
Additional conversions are unauthorized. Buyer to verify permitted uses, camper rental status, leases, income and expenses.