Description
Seller financing preferred, building is Section 8 approved, and current rents are below market average. Rare six-unit multifamily opportunity in Allapattah, one of the most sought-after areas in Miami. Conveniently located near the 836 Expressway and the Miami Health District, this building offers excellent investment and income-producing opportunities. This well maintained, recently painted building consists of six 2 bedroom and 1 bath units. The roof was replaced two years ago. Each unit features central air, a separate electrical and water meter, and one assigned parking space. On-site laundry facilities provide an additional income stream. Great upside proforma cap rate at 6.25%. The 16 Allapattah project, River Landing Shops, Little Havana, and Marlins Park are just minutes away.
School Ratings & Info
Description
Seller financing preferred, building is Section 8 approved, and current rents are below market average. Rare six-unit multifamily opportunity in Allapattah, one of the most sought-after areas in Miami. Conveniently located near the 836 Expressway and the Miami Health District, this building offers excellent investment and income-producing opportunities. This well maintained, recently painted building consists of six 2 bedroom and 1 bath units. The roof was replaced two years ago. Each unit features central air, a separate electrical and water meter, and one assigned parking space. On-site laundry facilities provide an additional income stream. Great upside proforma cap rate at 6.25%. The 16 Allapattah project, River Landing Shops, Little Havana, and Marlins Park are just minutes away.
Copyright 2021, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2021, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2021-04-16T22:42:17.913.