Property

Ownership: For Sale
Type: Unknown
Pets: Pets No

Financials

Price:$3,250,000
Annual Taxes:$11,833
888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of Gridline Properties

Description

This fully renovated 17-unit multifamily property is located in Miami’s thriving Little River submarket and presents a prime investment opportunity. All the units have undergone extensive upgrades, including new roofs, hurricane-impact windows/doors, modern electrical systems, and fully remodeled kitchens and bathrooms. Making the property turn-key and minimizing maintenance costs. The property has ample parking.The property generates a net operating income of $198,000, and yields a capitalization rate of 6.08% the asking price. Its strong financial performance and prime Buena Vista location present an opportunity for investors seeking stable returns in a rapidly appreciating area.

Amenities

  • CableNotAvailable
  • QuarterToHalfAcreLot

This fully renovated 17 unit multifamily property is located in Miami s thriving Little River submarket and presents a prime investment opportunity.


    Long Island MLS

    All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

    All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.