USD 1,875,000

Miami, Florida 33136

For Sale

Property Description

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.

Listed by APEX Capital Realty LLC

Property Details

ID #
A10969048
Status
Sale
Type
Commercial, Industrial
Zip Code
33136
Year Built
1959
Occupancy
Call Listing Agent
Type of Building
Residential-Multi-Family
Zoning Information
6101

Neighbourhood Map

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Listing content provided by the Miami Association of REALTORS

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