No HOA. 5 bed, 2 bath waterfront home on a large 6,900 sqft lot. Rented for $4,806/month. The rental income is supported by a government housing assistance program (as of February: $4,502 government / $304 tenant). Potential rent at renewal of up to $4,972/month, based on current payment standards. Lease renews 01/31/2027. The tenant has been at the property since Feb 2025. Impact windows, Roof 2010, AC 2024. ||
Current management company available for seamless transition. Please do not disturb tenant or knock on the door!
|| PORTFOLIO SALE AVAILABLE (review broker's remarks)
~10.4% return after property taxes, based on current contractual rents (before other operating expenses).
Investment opportunity consisting of a 9 single-family homes portfolio located in Broward County, Florida.
* Total portfolio asking price: $4,198,000.
* Total contractual rents for the portfolio: $42,497/month ($509,964/year).
* Total 2025 property taxes: $73,955.
*Tenant rents include a portion paid directly by the government.