Description

2 Bed/2 Bath unit within the Cypress Chase Condominium which is an age restricted (55+) development. The unit has been well taken care of and is currently rented to the same tenant since 11/2016. Current rent is $1,150 per month with the lease expiring on 10/31/2021 and plenty of upside on the rents with model match units ranging between $1250 and $1300 per month. Great opportunity for an investor to gain a solid return or an owner user who is thinking ahead while earning a return. Complex is currently undergoing the 40 Yr Recertification: Upgrading elevators, new roof, new washer and dryers on each floor. Special Assessment placed to pay for the upgrades to the complex will be paid by seller at closing.


Features

  • Cooling
  • Heating
  • Fireplace
  • View
  • Waterfront
  • Garage
  • Association

Map Location

Copyright 2020 Miami Association of Realtors MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS. Miami Association of Realtors MLS data last updated on 2/25/2021 1:00:00 AM