14840 Naranja Lakes Blvd C2M, Homestead, FL 33032

Portfolio sale of 19 income-producing condominium units, located in the vicinity of the City of Homestead, FL, but built on unincorporated Miami-Dade. Each unit is 2/1/.5, and all units have 1,075 Sq. Ft. of Living Area. Most of the 19 units are rented, below market rent, while others are vacant. The listing price per unit is $192K, and it is based on a market GRM of 96, and a market rent of $2,000. Naranja Lakes Condominium No. 5 is composed of four buildings, and the 19 units for sale are distributed among them. The condominium’s buildings and its units are undergoing renovations, funded entirely by a previous assessment, such as exterior paint, and new impact windows for each unit. The condominium’s 40-year recertification was successfully conducted in 2015.