Real Estate Deals
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26 Units in Miami FL 33128 – $5,830,000
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26 Units in Miami FL 33128 – $5,830,000
OFFERING SUMMARY
Completely renovated building, in & out. CO in 2014 .100% occupied. with a waiting list. 12-1 bedroom and 14 studio suites. Brand new stainless steel appliances, & split air conditioning units. Energy-efficient lights. Tiled throughout the units with walk-in closet. Oversize windows in bedrooms & living area. Washer & dryer on site, located on 12th Avenue, within walking distance to public transportation, Marlin Stadium, hospitals & medical centers, Universities, schools, restaurants, supermarket, laundry mat, & 2-minute drive to the 836 HWY…
INVESTMENT & PROPERTY HIGHLIGHTS
After renovations in 2014, the Property requires little to no outstanding Capex or deferred maintenance at this time. The Property is currently stabilized and 100% occupied with the ability to increase below-market rents by 23%. There is a pending tax abatement that will lower property taxes from $53,000 to $32,000 annually, further increasing NOI.
Asset Living will be the property management company of this asset. There are no dedicated parking spaces at this property, however, street parking is readily available, and all tenants are awarded parking permits from the City.
- Completely renovated building, in & out. CO received in 2014
- CLASS: C
- CAP: 5%
- Completely renovated interior and exterior in 2014
- 100% occupied with a waiting list
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