Value-add compound opportunity featuring a unique 6-unit residential property on an expansive 10,400 Sq. Ft. lot. This property offers a versatile unit mix consisting of a standalone 3-bedroom, 2-bathroom single-family home (built 1948) and a separate two story 5-unit apartment building (built 1963) featuring all 1-bedroom, 1-bathroom layouts. All structures… Read More feature solid CBS construction and great bones, providing the perfect canvas for an investor to renovate and capture massive rental upside.Current Gross income $97,045 Current NOI $66,255Strategically located in a high-demand growth pocket, the property is just blocks from the Magic City Casino and the future Miami Freedom Park (Inter Miami Stadium). With immediate access to the 836 Expressway, residents are minutes from Miami International Airport, the Health District, and Downtown Miami. Currently operating with below-market rents, this asset is a prime candidate for a repositioning strategy to maximize yield in one of Miami’s most exciting emerging corridors.Do not disturb tenants Read Less
Courtesy of Fausto Commercial Realty Consultants Inc 786-748-7373
Listing Snapshot
Days Online
190
Last Updated
Property Type
Quadruplex
Square Ft.
5,334
Year Built
1963
MLS Number
A11988951
30 Days Snapshot Of 33125
$263k
0%
(avg) sold price
0
-100%
homes sold
132
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1963, Living area: 5334, Construction materials: Block, Toal building area: 5334, 4 total units
Cooling
Central Air
Floors
Terrazzo, Tile
Heating
Separate Meters, Central
Property
Zoning: 5700
Roof
Shingle
Sewer
Public Sewer
Taxes
Annual amount: $16,038
Utilities
Cable Not Available
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