Berkshire Hathaway HomeServices | Florida Realty
Donna Brown, Berkshire Hathaway HomeServices | Florida RealtyPhone: (561) 317-8288
Email: [email protected]
Email: [email protected]
This exceptional investment opportunity includes 89, 87, and 85 NW Irwin Avenue—a fully renovated, fully occupied complex bringing in $16,000 monthly in rental income, with the potential to increase rents to $18,000 monthly. Listed at $1,955,000, the property currently yields an annual income of $192,000, which equates to approximately 9.82% of the listing price. With increased rents, this could rise to $216,000 annually, or about 11.05%. This complex is comprised of: 89 NW Irwin: A 2-story, 8-unit apartment building, each unit with 1 bedroom and 1 bathroom. 87 NW Irwin: A single-family home with 3 bedrooms and 2 bathrooms. 85 NW Irwin: A duplex, each unit featuring 2 bedrooms and 1 bathroom. With solid current returns and room for growth, this is an ideal addition to any investment portfolio.