Investment Opportunity: , Unit K208, Doral, FL - $5,904 Profit

220 NW 87th Ave, Doral, FL, 33172

220 NW 87th Ave - #K208

$299,000

Description

Move-in ready 1 bedroom, 1.5 bath condo for sale in central location. Featuring 922 sqf, this is one of the largest 1 bedroom units in the Fontainebleau area. Potentially can be converted to a 2 bedroom. The condo is freshly painted, completely tiled and can be easily rented for $2000 per month yielding a 6% cap rate. Washer & dryer hookup inside separate laundry room, large balcony, and assigned parking space. Association includes reserves eligible for first time buyer financing in a gated community conveniently located near the 826 Palmetto and 836 Dolphin Expressways. Minutes to Dolphin Mall, International Mall, Mall of the Americas, Doral, FIU, restaurants, and more. Amenities include a clubhouse, 2 swimming pools, tennis courts, and the added security of overnight surveillance.

Property Information
Monthly Rent
$2,364
Monthly HOA
$256
rental Policy
STR Restrictions
Yearly Taxes
$306
Bedrooms
1
Bathrooms
2
SQFT
922
Furnished
unknown
Year built
1972
MLS
A11506225

Long-Term Rental Information
Revenue
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$22,464

Expenses
Profit
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Cap rate
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Cash on Cash
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$2,364/mo

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