Description
Turnkey investment—ideal for hands-off investors or an owner-occupant looking to live in one unit and rent the rest. Newly built and fully occupied 12-unit multifamily in Little Havana, grossing nearly $300K annually. Low insurance premiums due to new construction. Special zoning program to increase densities; 3 units must be rented to Section 8 tenants, with no rent caps. Unit mix: 4 two-bedrooms, 3 one-bedrooms, 5 studios. Prime location near Brickell, Downtown, Coral Gables, and the Civic Center. Rapidly transitioning area with rising rents and strong tenant demand.
Property Details
- Property SubtypeIncome/MultiFamily
- CountyMiami-Dade County
- Structure TypeCommercial
- MLS #A11780572
- MLS #A11780572
- Property TypePurchase
- Cost3600000
- Year Built1925
Location
Legal
MIAMI ASSOCIATION OF REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Marjo Realty Co. may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS.
Last Updated: . Source: MAOR
Listing Courtesy
Listing Agent: Denis Alvarez (#3310315)
Listing Office: LUXE Capital Advisors (#LXCM01)
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