OWN FOR THE PRICE OF RENTING !!! 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 won’t 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%.
Date | Event | Price | $/Sqft | Source |
---|---|---|---|---|
Listed For Sale | $145,000 | $∞ | WEICHERT REALTORS ASBURY GROUP-AC |
Year | Annual Amount | Description |
---|---|---|
2024 | $1,700 |
Pre-Kindergarten Brighton Avenue School | 0.1 miles away | PK - PK | |
Elementary & Middle School Texas Avenue | 0.2 miles away | KG - 08 | |
Elementary & Middle School Sovereign Ave School | 0.3 miles away | KG - 08 |