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Code: | 1554G21 | |||
City: | Miami | |||
Retail Type: | ||||
Price: | $ 2,200,000 | |||
Cap. Rate: | ||||
Tenancy: | ||||
Retail Sq.Ft.: | 7,496 | |||
Lot. Area Sq. Ft.: | ||||
Parking: | ||||
Year: | 1971 | |||
Fausto Commercial is pleased to present the Sea Breeze Apartments at 1 NE 78th Street in Miami Florida. This is a 13-unit apartment building located in the Upper East Side neighborhood of Miami. The property consists of 10 one-bedroom/one-bathroom units and 3 Studios totaling 7,496 rentable square feet. This property is a 1970's vintage and fully remodeled in 2019-20 including all impact windows. It s situated on a 13,063 Sq Feet of T6-8-0 land. The property is being offered for sale at $2,200,000 representing a 5.61% cap rate based on current in-place income. After increasing rents to market average, the year one cap is expected to rise to 7.78%. | ||||
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