Attention all Investors! Excellent investment opportunity with 6.5%+ return for this newly constructed home built in 2015 by Todd Michael Glaser in the heart of Miami Beach. Privately gated 2 story contemporary home built on auger cast piles with lush landscaping surrounding the 7,500 sq ft lot located on a quiet street. 4 bed and 4.5 bath with heated swimming pool. Impact windows and doors. Viking appliances and 2 laundry rooms. Prime location just minutes away from Miami Beach and 41st street with easy access to I-195.
Current Tenant in place until May 31, 2024, with 3rd year option. See Breakdown:
First year monthly rental $30,000 a month - Guaranteed
2nd year $31,500 = $378,000 - Guaranteed
3rd Year option $33,075 = $396,900
Landlord only responsible for property taxes & insurance.