Description
Great income-producing opportunity, Centrally located and only minutes away from the important areas of Miami such as; International Airport, Brickell, Downtown Miami, Coral Gables, Beaches, and Hialeah.
Turn-Key investment that sits on a large lot with over 13,000 SF and has 4,011 SF of living area with the roof only twelve years old.
With no contracts in place the units can be rented at current market rates or redeveloped under the current zoning of T3-O.
Located in a high demand rental area, This three story multi-family property has eight parking spots, where tenants pay their own water and electricity.
The offering cap rate is 4.2% of the asking price on current undermarked rents. Upon raising the rents the investment can give a significantly higher ROI.
Location
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Courtesy of: Keller Williams Eagle Realty MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. Updated: 27th June, 2022 7:50 AM (UTC)
