6900 Miami Dr
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6900 Miami Dr
4 Unit Apartment Building $774,990 CAD ($193,748 CAD/Unit) Indian Lake Estates, FL 33855
Investment Highlights
- Sturdy Construction: Two buildings constructed with durable concrete blocks and pitched shingle roofs.
- Tenant-Paid Electricity: Sub-metered electrical system allows tenants to pay for their own electricity, reducing landlord expenses.
- Upgraded Septic System: Recently renovated septic tank provides dependable and low-maintenance sewage disposal.
- Spacious One-Bedroom Units: Each unit features a generous one-bedroom, one-bathroom layout with well-maintained kitchens and bathrooms.
- Reliable City Water Supply: Water is supplied and paid for by the landlord, ensuring consistent service.
- Additional RV Hook-Up: Water and sewage connections for RVs offer potential for extra income or guest accommodation.
Executive Summary
The Apartment Brokers present The Miami Apartments, a four-unit multifamily property located in Polk County, Florida. Built in 1959, the property comprises two buildings—each with two units—constructed from concrete block and featuring pitched shingle roofs. All units are one-bedroom, one-bathroom configurations. The property sits on a 0.44-acre lot.
Electricity is sub-metered and paid by the tenants, providing a straightforward billing system. Water is supplied by the city and paid by the landlord. The property utilizes a recently renovated septic tank for sewage disposal, ensuring reliable and low-maintenance operation. For added tenant convenience, the east-side building includes a small laundry room.
The roofs were replaced approximately 4 years ago, remaining in their active life cycle. Additionally, the water heaters have been replaced recently. This property qualifies for residential financing, making it an excellent investment opportunity.
For more information visit: www.theaptbrokers.com
Electricity is sub-metered and paid by the tenants, providing a straightforward billing system. Water is supplied by the city and paid by the landlord. The property utilizes a recently renovated septic tank for sewage disposal, ensuring reliable and low-maintenance operation. For added tenant convenience, the east-side building includes a small laundry room.
The roofs were replaced approximately 4 years ago, remaining in their active life cycle. Additionally, the water heaters have been replaced recently. This property qualifies for residential financing, making it an excellent investment opportunity.
For more information visit: www.theaptbrokers.com
Property Facts
| Price | $774,990 CAD | Building Class | C |
| Price Per Unit | $193,748 CAD | Lot Size | 0.44 AC |
| Sale Type | Investment | Building Size | 3,264 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1959 |
| Property Subtype | Apartment | Parking Ratio | 2.14/1,000 SF |
| Apartment Style | Low Rise |
| Price | $774,990 CAD |
| Price Per Unit | $193,748 CAD |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 3,264 SF |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 2.14/1,000 SF |
Site Amenities
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 816 |
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zoning
| Zoning Code | PUD |
| PUD |
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