The above 50 unit apartment complex located in Homestead, Florida sold for $3,050,000 in August, 2012. This building was completely renovated and had a long history of being 100% occupied.
Above is a unique property with a stand-alone house plus a large Fourplex. Five or more units is considered "Commercial Property." This catagory of properties provide quality income for the astute investor and there is a wide range of commercial properties available in Miami-Dade at various price points.
Below is a nine unit commercial building compriesed of five 2 bedoom units and four 1 bedroom units. This investment provides a steady and reliable $67,800 per year gross income with $22,624 in expences and a Net Operating Income of $45,176.