No HOA. 5 bed, 2 bath waterfront home on a large 6,900 sqft lot. Rented for 4,806/month. The rental income is supported by a government housing assistance program (as of April: 4,502 government / 304 tenant). Potential rent at renewal of up to 4,972/month, based on current payment standards. Lease renews 01/31/2027. The tenant has been at the property since Feb 2025. Impact windows, Roof 2010, AC 2024.
Current management company available for seamless transition. Please do not disturb tenant or knock on the door!
PORTFOLIO SALE AVAILABLE (review brokers remarks)
10.4% return after property taxes, based on current contractual rents (before other operating expenses).
Investment opportunity consisting of a 9 single-family homes portfolio located in Broward County, Florida.
Total portfolio asking price: 4,198,000.
Total contractual rents for the portfolio: 42,497/month (509,964/year).
Total 2025 property taxes: 73,955.
Tenant rents include a portion paid directly by the government.
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