Description
Fully Renovated 2BR Condo " 6.5% Cap Rate " Utilities Included " Priced to Move at $150,000 Investor Alert: This turnkey 2-bedroom, 1-bath unit in Brighton Towers wont last long. Just blocks from the beach and Tropicana, Unit 505 has been fully renovated with a modern kitchen, updated bathroom, and a private balcony " a rare find in this high-rise. Currently renting for $2,000/month, the numbers speak for themselves: -Net Income: $9,780/year -Cap Rate: 6.52% at asking price -HOA: $827/month (includes gas, electric, and water) -Taxes: $208/month -HO6 Insurance: $150/month This unit is cash flow ready with no upfront rehab needed. Strong rental demand, low vacancy, and all utilities wrapped into one HOA bill make this a hands-off, passive income opportunity. - Perfect for: -Out-of-state investors -1031 exchange buyers -New landlords looking for plug-and-play cash flow income and expense sheet on documents. ALERT! Buy now with a few Bitcoins or ask about Private Financing Available Starting at 10%.
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2BEDS
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N/AACRES
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1BATHS
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01/2 BATHS
School Ratings & Info
Description
Fully Renovated 2BR Condo " 6.5% Cap Rate " Utilities Included " Priced to Move at $150,000 Investor Alert: This turnkey 2-bedroom, 1-bath unit in Brighton Towers wont last long. Just blocks from the beach and Tropicana, Unit 505 has been fully renovated with a modern kitchen, updated bathroom, and a private balcony " a rare find in this high-rise. Currently renting for $2,000/month, the numbers speak for themselves: -Net Income: $9,780/year -Cap Rate: 6.52% at asking price -HOA: $827/month (includes gas, electric, and water) -Taxes: $208/month -HO6 Insurance: $150/month This unit is cash flow ready with no upfront rehab needed. Strong rental demand, low vacancy, and all utilities wrapped into one HOA bill make this a hands-off, passive income opportunity. - Perfect for: -Out-of-state investors -1031 exchange buyers -New landlords looking for plug-and-play cash flow income and expense sheet on documents. ALERT! Buy now with a few Bitcoins or ask about Private Financing Available Starting at 10%.
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