USD 1,500,000

3095 NW 11th St
Miami, Florida 33125

For Sale

Property Description

Great income-producing opportunity, Centrally located and only minutes away from the important areas of Miami such as; International Airport, Brickell, Downtown Miami, Coral Gables, Beaches, and Hialeah.
Turn-Key investment that sits on a large lot with over 13,000 SF and has 4,011 SF of living area with the roof only twelve years old.
With no contracts in place the units can be rented at current market rates or redeveloped under the current zoning of T3-O.
Located in a high demand rental area, This three story multi-family property has eight parking spots, where tenants pay their own water and electricity.
The offering cap rate is 4.2% of the asking price on current undermarked rents. Upon raising the rents the investment can give a significantly higher ROI.

Listed by Keller Williams Eagle Realty

Property Details

ID #
A11199572
Status
Sale
Type
Commercial, Industrial
Zip Code
33125
Year Built
1939
Parking Spaces
8
Occupancy
Tenant Occupied
Type of Building
Commercial/Residential Income, Residential-Multi-Family
Utilities
Internet
Zoning Information
5700
Listing content provided by the Miami Association of REALTORS
Disclaimer: BBC: 2.5%, The offer of compensation is made only to participants of the MLS where the listing is filed.

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