SANS SOUCI CONDO 5 Flex Condos Offered at $1,657,516 CAD in North Miami, FL

5-Unit Condo Investment Portfolio – 1800 Sans Souci Blvd, North Miami
Excellent investor opportunity to acquire a 5-unit condominium portfolio located in the Bayview Palms Condo community at 1800 Sans Souci Blvd, North Miami, FL 33181. All units are tenant occupied, providing immediate rental income.
The portfolio is offered at $1,191,000 and includes 5 units totaling approximately 4,924 SF. Current gross monthly rent is approximately $10,540, with annual gross rent of approximately $126,480. Estimated NOI is $52,696.40, representing an estimated portfolio cap rate of 4.42%.
The portfolio consists of four 2-bedroom/2-bath units and one large 1-bedroom/1.5-bath corner unit. Several units are top-floor units, and MLS remarks describe the properties as investor-friendly and tenant occupied. The community offers amenities including a pool, gym/exercise room, on-site management, community room, elevator, common laundry, and security/night patrol.
This is an excellent opportunity for an investor seeking multiple income-producing units in the same condominium building, with simplified management and long-term rental income in a desirable North Miami location.