Evanston Heights Properties

Beautiful home in a great location.

5 Units - 7.5% NET cap rate based on projected taxes after acquisition. Property passed the 40 yrs certification. Most of the tenants have been there for many years. Total of 5 units with 3 meters. The 5th unit rents for $632 a month. Most of the units rented below market value. Right next to the Marlins Stadium. Perfect property for an investor that wants a good area with a GREAT ROI. GOI: $57,624-

SEE ATTACHED OFFERING MEMORANDUM PRIOR TO REQUESTING SHOWING. MSP Group is pleased to be the exclusive listing agent for the Rancho Luna Development Site in Miami, Florida. The site is a regularly shaped, corner lot of 0.53 acres and has in an in-place zoning designation of T6-8-O, one of Miamis highest density and liberal use designations. While multifamily would be a natural fit for the site, the zoning also allows for hotel, live-work, office and various other commercial and entertainment uses. The site is currently occupied by the Rancho Luna Restaurant and a car wash; both with leases that are cancellable to make way for a new development. The storied Rancho Luna eatery has been a staple in the neighborhood since 1962 and the car wash does a steady and profitable business.