Active

$595,000

Features:
  • 6 Bedrooms
  • 5 Bathrooms
  • 2504 sq ft
Overview
  • ID: MFRT3484482
  • Bedrooms: 6
  • Bathrooms: 5
  • Size: 2504 sq ft
Property Details
Remarks
New Listing - 5 Unit Investment property with $6100/month income - Completely Occupied with long leases. Property Zoning allows for multi-family up to 10 units on this location with .84 acre lot in a prime location. Concrete block construction and slab foundation on the 4 units + single wide renovated mobile home in the back of the property. There is also a maintenance man that lives at the property in Unit D - he pays rent and paid for any services separately. The entire property is on Well & septic systems therefore the owner supplies Water, sewer, trash, electric, lawn & cable. Newer metal roof installed in 2016 and completely painted on the exterior in 2023. The 5th unit, the single wide mobile home that was completely renovated with new showers, tub, kitchen, appliances, flooring and paint this October and rents for $2000/m. Many of the other units have also been renovated. This is a turn key operation, in good condition with good long term tenants in a good location near major highways and lots of job opportunities including 5 minutes to the Hard Rock Casino. Rent analysis provided by the seller has the cap rate currently at 8.5%
Financial Considerations
Price:
$595,000
HOA Fee:
N/A
Tax Amount:
$7071
Price per SqFt:
$237.62
Tax Legal Description:
EASY WAY SUBDIVISION LOT 7 LESS W 5 FT FOR R/W
Exterior Features
Lot Size:
36756
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Metal, Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
6
Bathrooms:
5
Heating:
Central, Electric
Cooling:
Wall/Window Unit(s)
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Multi-Family
Style:
N/A
Year Built:
1940
Construction Type:
Metal Frame, Stucco, Vinyl Siding, Wood Frame
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Fence, Sidewalk
Additional Features 2:
N/A
Map
  • Address
    3619 ORIENT RD
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