Call me 305-501-0340 for rent rolls and P&L Property is a legal rooming/boarding house. We have 14 rooms for rent and 1 efficiency for a total of 15 rental incomes. The property has 2 new kitchens, 6 new bathrooms and tile throughout and new plumbing. The property has been completely renovated. Each tenant pays by the month. The majority of the residents are on Social Sec and we have their Debit card information and monthly swipe the card for charge. We have little to no turnover. FUll FIre system is hard wired with Service contract. Property is painted inside and out. All units have been redone including the efficiency. THe owner pays for the water and the electric. We rent each room for an average of 500. There is no evictions on this property as this is a legal rooming house and falls under the hotel division for the state of florida and has been operating as such for over 30 years. Numbers: The annual monthly rents are 88,200. The NOI is 61,200. The property runs like a clock for us. Near Hampton Village Redevelopment The government is putting 17M into the area 2 blocks away and also re-doing a museum where Malcolm X and Mohammed Ali stayed. We have a manager that is NOT on site that we pay 5% of gross collected a month to keep an eye on the property as well as pick up a few rents for the residents that are not on Disability but work. None of the residents are on Sec8. The property is in a great location walking distance to 27 ave in Brownsville right near the Metro Rail. Show less #Miami #realestate #investment #money #florida #apartment