7.4% actual cap rate! Rare Investment Opportunity: 9 Townhouses with NO HOA in Florida City, FL! All units are within a 2-block radius and all rented, perfect for an Owner-Manager or professional Property Manager. Rent guaranteed primarily by Section 8, providing virtually recession-proof, government-backed income. Built in 2007, ~1,800 sq. ft. each (1 five-bed, 8 four-bed), with spacious front/back yards, covered garages, and additional driveway parking for 2 vehicles. Two units recently upgraded & currently available for rent. Prime location: 6 blocks from City Hall & Police Dept., 5 mins to restaurants, shops & Florida’s Turnpike. Cash/non-appraisal offers only. This is a rare chance to own a turnkey, high-demand, easy-to-manage portfolio in an up-and-coming market!
Listing courtesy of Basel Boutique Real Estate.
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