Home » Homestead » 14840 Naranja Lakes Blvd C2L, Homestead, FL 33032 | A11628906

14840 Naranja Lakes Blvd C2L, Homestead, FL 33032 | For Sale

$2,200,000

Property Highlights

Listing ID A11628906 Status of this Listing: Active For Sale Property Type Commercial Sale CondominiumCondominium,Multi Family Building Area 1,075 Sqft/99.87 m2 approx. Lot area 1,075 Sqft/99.87 m2 approx. Year Built 1974 Seller considers Owner Financing Time of this property on Rebonus 42 Day(s)
23 Photos of this Property

14840 Naranja Lakes Blvd C2L, Homestead, FL 33032

Property Description: EXCLUSIVE SALE: An exceptional investment opportunity of 14 condo units in a complex of 240 units. These units offer a prime location combined with a strong rental market. Each condo has 1,075 sq. ft., featuring 2 beds and 1.5 bathrooms All units are rented, ensuring immediate cash flow. The price per unit is $157,143. The median market rent for similar units in the area is $2,100. The current gross rent is $250,800 with a potential annual rent of $352,800. Minimum purchase is 5 units. The seller is open to seller financing with favorable terms: 50% down and 7% interest-only for the first 3 years. Impact windows in each unit, new roof, and recent exterior paintwork have been paid for through a previous assessment. Don 't miss this rare opportunity to acquire an income-generating portfolio.

Useful Info

Original List Price:$2,200,000

Lease Details

Lease Terms Description:Month To Month Lease,Lease Renewal

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Number of Buildings:4
Number of Units Total:14
Construction Materials:
  • Block
Flooring:
  • Carpet
Structure Type:
  • Multi Family
Road Frontage Type:
  • City Street
  • County Road

Property Features

Waterfront:No
Security:
  • Security Guard
  • Fenced
Roof:
  • Concrete
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating:Yes
Heating System:
  • Central

Taxes and Expenses

Tax Annual Amount:$1,613

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Association Fee:$499
Association Fee Frequency:
  • Monthly

Terms

Documents Available:
  • Deed
  • Rent Rolls
  • Hoa Documents
  • Title
Listing Terms Considered by Seller:
  • Cash
  • Conventional
  • Owner May Carry (Owner Financing, The Seller may be interested in carrying the mortgage note)
  • Other
Occupant Type:
  • Call Agent
Buyer Possession:
  • Closing & Funding
Lease Term:
  • Month To Month
Tenant Pays:
  • Electricity
  • Insurance
Lease Considered:No

Community

Building Name:A, B, C, & D
Senior Community:No

Parking

Covered Spaces:0
Parking Features:
  • Assigned
  • Guest
  • Handicap

Utilities

Number of Separate Electric Meters:6391
Sewer:
  • Public Sewer
Water Source:
  • Public

More Details

Other Information:
Property Description: 14 Condo Unit Portfolio Sale
Flood Zone : X
FEMA Flood Zone Designations: X
Municipal Code: 30
Subdivision Number: 14

Zoning and Legal

Tax Legal Description:NARANJA LAKES CONDO 5 UNIT C2L - BLDG C UNDIV .413% INT IN COMMON ELEMENTS CLERKS FILES 73R119460-75R8964 OR 20998-1228 0103 1 COC 24714-335
Real Estate Folio Number (Parcel Number):30-69-33-014-1550
Zoning Description:3900
Public Survey Township:30
Public Survey Range:69
Public Survey Section:33

Listing History

Update/EventDate/Days
Published Date:July 25, 2024 11:17 am
On Market Date:July 25, 2024
Price Change Date Time:July 23, 2024 4:52 pm
Last Important Update Description:New Listing
Date and Time of Last Important Update:July 25, 2024 11:17 am
Status Last Changed:July 25, 2024 11:17 am
Photos Last Modified:July 25, 2024 3:36 pm
Last Modified:August 2, 2024 8:23 pm
Days on the Market Reference Date:August 2, 2024
Days on the Market (updated on Last Modified*):8
Cumulative Days on the Market (updated on Last Modified**):8

Additional Information

Number of Photos Count:23
Area:69
Ref ID:1078804217
Automated Valuation Display:Yes
Courtesy of:Keller Williams Capital Realty
Universal Property Id:US-12025-N-3069330141550-R-N

Location

Show Property Address:Yes
Street Name:Naranja Lakes Blvd
Street Number:14840
Street Address:14840 Naranja Lakes Blvd C2L
Unit Number:C2L
City : Homestead
State : Florida
Zip Code : 33032
County : Miami-Dade County
Full Address:14840 Naranja Lakes Blvd C2L, Homestead, FL 33032
Latitude:N25° 30' 33.2''
Longitude:W81° 34' 1.7''

Neighborhood

Postal City:Homestead

Property Map