Priced reduced! 29 unit multifamily in (West Brickell) Little Havana. Four blocks from Brickell City Center. Neighborhood has gone through tremendous gentrification to one of the most sought after areas for investors and young professionals. Few blocks from Brickell City Center and River Yacht Club. All units have great natural lighting. 40 year certification done on 4/30/16! Brand new Roof, 6 units renovated with granite countertops and new appliances. Perfect opportunity to take advantage of new Miami short term rental regulations and rent as Airbnb with an unbeatable location and tremendous growth and upside potential.
Three blocks west of Brickell City Center, next to River Yacht Club and walking distance from Brickell area.
Asking price: $4,245,000. Call us to discuss.
8% pro forma cap. Amazing opportunity to own 24 units in one of the fastest growing neighborhoods in all of Miami. One block from Miami Marlins stadium and huge future projects in the neighborhood. This is a 3 story building with recent 40 year certification done, fully leased partly under section 8 (government pays) It has 12 large 2 bedroom, 6 one bedroom and 6 studios. Huge income potential, rents are way below market and could easily be raised. Currently renting 2 bedroom units for $900 when area average for same size units is over $1200. Building is in overall good condition but could use some cosmetic improvements to maximize income by taking rents to current market price. 8% is pro forma. Call today because this building will not last on the market, owner motivated submit your offers asap
Asking price: $2,675,000 Call us to discuss, Offering Memorandum Available