Description
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 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 $66,255 Strategically 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
Details
| MLS # | A11988951 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1963 |
| Days On Site | 159 |
| Listing Provided By | Fausto Commercial Realty Consultants Inc | Miguel Fuentes |
Features
| SQ Feet | 5,334 |
|---|---|
| Story(s) | 2 |
| Zoning | 5700 |
Exterior
| Lot Features | Less Than Quarter Acre |
|---|
Taxes
| Tax Annual Amount | 16038 |
|---|
Area Information
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33125 |
| Area | 41 |
| Community Name | 12TH ST MANORS |
| Listing VS Median (in 12TH ST MANORS) | |
Price: $1,700,000 low | high Med: $1,700,000 sqft: 5,334 low | high Med: 5,334 $ / sqft: $319 low | high Med: $319 On site: 159 low | high Med: 159 | |
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Learn More About This Property
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33125 |
| Area | 41 |
| Community Name | 12TH ST MANORS |
| Listing VS Median (in 12TH ST MANORS) | |
Price: $1,700,000 low | high Med: $1,700,000 sqft: 5,334 low | high Med: 5,334 $ / sqft: $319 low | high Med: $319 On site: 159 low | high Med: 159 | |
