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Code: | 1564G21 | |||
City: | Miami | |||
Retail Type: | ||||
Price: | $ 1,875,000 | |||
Cap. Rate: | ||||
Tenancy: | ||||
Retail Sq.Ft.: | 0 | |||
Lot. Area Sq. Ft.: | 7500 | |||
Parking: | ||||
Year: | 1959 | |||
APEX Capital Realty is proud to present a fully renovated 12-unit multifamily building, just west of I-95 near Downtown Miami. 100% occupancy and all tenants have been paying rent throughout the COVID pandemic. Spacious unit mix included six (6) 1/1 s and six (6) 2/1 s with each unit being between 500-650 Square Feet. Gross Operating Income of $150,000+. Operating expenses, including adjusted real estate taxes, are roughly $33,000 per year, leaving approximately $117,000 of NOI per year. The property received its 40-year re-certification from the City at the end of 2019. There is upside to an investor on market rate adjusted rents. The property is positioned in a great area in relation to the growth and development within the City of Miami. | ||||
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