FLAGAMI APARTMENTS IN LITTLE HAVANA

Fausto Commercial is proud to present Flagami Apartments in Little Havana at 102 SW 31st Court. The property is a triplex consisting of (2) two-bedroom/one-bathroom and (1) one-bedroom/one bathroom. The two story CBS building was built in 1947 and 1975 with title roof and a pool in the backyard. 

The building is over 2,400 Sq. Ft. and sits on a 8,208 Sq. Ft. lot zoned T3-0 in a really clean and quiet neighborhood. The investor has the opportunity to invest $7,000 - $12,000 per unit to bring rents to $1,200 for the one-bedroom and $1,600 for the two bedrooms. The property is less than three miles away from Miracle Miles in Coral Gables.

PRICE $ 6 0 0 , 0 0 0

120 SW 31st Court, Miami Florida 33135

Building SQ FT 2,415

Land Sq Ft 8,208

Zoning T3 O

VICENTE RODRIGUEZC : 3 0 5 5 1 0 6 6 2 7E : V R @ FA U S TO C O M M E R I C A L . C O M

Units Current Pro Forma

1- Front 2/12- Rear 1/13- Top 2/1

Gross Yearly Income

WaterPoolLawnTaxesInsuranceTotal Yearly Expenses

NOI

Cap Rate

$1,450$1,200$850

$42,000

$125$80$100$7,506$4,000$14,165.79

$27,834.21

4.64%

$1,600$1,200$1,600

$52,800

$125$80$100$7,506$4,000$14,165.79

$38,634.21

6.44%

Rent Rolls & Income/Expenses Actual Market