Description
Exceptional 5 unit Multifamily Apartment Building located in the growing North Miami market. This property consists of 3 one-bedroom units & 2 studios totaling 2,540 rentable square feet. Property is a 1950's vintage with a new roof installed recently. Great investment opportunity for those looking to take advantage of the overwhelming surge of upward pressure on rents and development in the area. It is situated on 7,697 Sq Feet of land. This exceptional property is being offered for sale at $780,000. After some renovation and increasing rents to the market average, the year one cap is expected to increase to 6.34%.
Location
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Courtesy of: Fausto Commercial Realty Consultants Inc 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: 15th August, 2022 3:25 PM (UTC)
