Property
| Ownership: | For Sale |
|---|---|
| Type: | Unknown |
Financials
Price:$1,495,000
Annual Taxes:$13,795
Listing Courtesy of Pellego, LLC
Alerio Group is proud to exclusively present 329 SW 9th ST Street, a boutique 4 unit multifamily property located in the heart of Little Havana.
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Description
Alerio Group is proud to exclusively present 329 SW 9th ST Street, a boutique 4-unit multifamily property located in the heart of Little Havana.
This meticulously maintained asset features four 2-bedroom, 1-bath units, currently rented at $2,250 x 2 and 2x @ $2275, delivering high in-place income at a 5.5% CAP rate with upside potential. The property has undergone extensive upgrades both inside and out. All of the unit interiors have been fully remodeled and include impact windows, a new roof, central air conditioning in all units, six on-site parking spaces, new asphalt paving, a new fence including dumpster enclosure, and new railings. All work was done with permits. Additional income is generated through on-site coin-operated laundry (1 new washer / 1 dryer).
Designed for ease of ownership, this low-maintenance building is simple to manage and offers the ability to further increase rents. All tenants are secured with annual leases except one MTM lease.
Located in one of the strongest rental markets in the country, this Little Havana multifamily asset offers durable cash flow, inflation resistance, and long-term appreciation potential. This offering will not last.
Virtual Tour: https://my.matterport.com/show/?m=AUSECaEvTcM&mls=1
Amenities
- Balcony
- CableAvailable
- Fence
- ImpactGlass
- LaundryFacilities
- LessThanQuarterAcre
- SecurityHighImpactDoors
Neighborhood
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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.