USD 1,200,000

111 NW 76th St
Miami, Florida 33150

For Sale

Property Description

Amazing investment opportunity in Little Haiti (2 FOLIOS: 111 NW 76 ST AND 110 NW 77 ST). 8 Existing CASH-FLOWING units, 100% Occupancy! Rents are Below Market! 5%+ Cap Rate in a Prime and Growing area w/ possibility to increase significantly. Favorable Zoning: T5-R! Ideal Buy-and-Hold Investment with HUGE UPSIDE for FUTURE REDEVELOPMENT. Build up to 5 stories high & 30 units, do your own research. Property Has Access on 2 Streets. **Located in OPPORTUNITY ZONE: potentially offering significant capital gains tax savings for the buyer. Little Haiti is currently developing the Magic City Innovation District Area: • Residential • Commercial • Art Galleries • Showrooms • Offices • Entertainment Spaces. Once complete it will raise rents & property values in the surrounding area along the way.

Listed by Keller Williams Eagle Realty

Property Details

ID #
A10841328
Status
Sale
Type
Commercial, Land
Zip Code
33150
Lot Area
16,988ft2
Water Source
City/mains water
Location
Central Business District
Lot
1-2.5 Acres
Utilities Available
Trash Removal
Zoning Information
4600

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