Basics
Date added Added 3 hours ago | Category Triplex | Type Residential Income | Status Active |
Area, sq ft 8340 sq ft | Lot size, sq ft 0 sq ft | Year built 1968 | SubdivisionName FOREST PARK |
ListOfficeName Gridline Properties | ListAOR Miami Association of REALTORS® | RentIncludes None | MLS ID A11714783 |
Description
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Description:
This fully renovated 12-unit multifamily property is located in Miami's thriving Little River submarket and presents a prime investment opportunity. All units have undergone extensive upgrades, including a new roof,hurricane-impact windows, modern electrical systems, and a fully remodeled kitchen and bathroom making the property turnkey and minimizing maintenance costs. The property has ample parking available and the site plan has been approved for an eight-unit building.
The property generates a net operating income (NOI) of $198,000, and yields a robust capitalization rate of 7.19% at the asking price. Its strong financial performance and prime Little River location present an opportunity for investors seeking stable returns in a rapidly appreciating area.
Location
- CountyOrParish: Miami-Dade County
Building Details
Video
- Virtual Tour: https://www.propertypanorama.com/instaview/mia/A11714783
Amenities & Features
- Waterfront available: No
- GarageYN: No
- AttachedGarageYN: No
- CoolingYN: Yes
- PoolPrivateYN: No
- FireplaceYN: No