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Tropical Villas 977 Miner Rd 9 Unit Apartment Building $1,500,000 ($166,667/Unit) 7.93% Cap Rate Lantana, FL 33462
INVESTMENT HIGHLIGHTS
- Owner Financing Available
- PRICED BELOW APPRAISED VALUE
EXECUTIVE SUMMARY
NEW MARKET PRICE. 3 bed 2 bath Single family and 8 - 1 bedroom 1 bath apartments. Zoned 10 units. All units are 100% occupied. Market rents. Call for details. All units have open patios in back. Single Family house has covered porch and large fenced in yard. Long term tenants in place. 8 unit apartments have hurricane impact windows. All newer electric panels, tile flooring. Appraisal has been done by current owner. Owner Financing Available.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Tile Floors
- Kitchen
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Pet Play Area
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 9 | $1,150 | 500 |
| 3+2 | 1 | $2,500 | 1,200 |
1 1
PROPERTY TAXES
| Parcel Number | 00-43-45-10-07-000-0010 | Total Assessment | $636,166 |
| Land Assessment | $0 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
00-43-45-10-07-000-0010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$636,166
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Tropical Villas | 977 Miner Rd
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