Description
NEWLY PRICED! Multi-family/mixed-use investment property in one of Miami-Dade's fastest-growing locations. The building has six 1/1 apartment units and one (1) office/retail space. The office space can be converted into an additional residential unit PLUS laundry facility. PECUC Zoning (Perrine Community Urban Center) allows up to 90 units per acre (18 units for this property). Area is in a Redevelopment zone which will continue to increase values in the near to mid-term. Develop a brand-new 18-unit project or simply raise rents by upwards of 20% and enjoy a strong positive cash-flow. Miami is experiencing a tremendous increase in market rents and they're still accelerating. Median rents for a 1 bed / 1 bath unit under 1000 SF = $1,717 ($2,004 average) in Miami-Dade. Don't miss this!
School Ratings & Info
Description
NEWLY PRICED! Multi-family/mixed-use investment property in one of Miami-Dade's fastest-growing locations. The building has six 1/1 apartment units and one (1) office/retail space. The office space can be converted into an additional residential unit PLUS laundry facility. PECUC Zoning (Perrine Community Urban Center) allows up to 90 units per acre (18 units for this property). Area is in a Redevelopment zone which will continue to increase values in the near to mid-term. Develop a brand-new 18-unit project or simply raise rents by upwards of 20% and enjoy a strong positive cash-flow. Miami is experiencing a tremendous increase in market rents and they're still accelerating. Median rents for a 1 bed / 1 bath unit under 1000 SF = $1,717 ($2,004 average) in Miami-Dade. Don't miss this!
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