PRIME CORNER LOT 12 UNIT MULTIFAMILY 100 OCCUPIED VALUE ADD OPPORTUNITY This is a rare opportunity to acquire a stabilized, income producing asset with immediate cash flow and a clear ...


Property

Website:https://www.nestseekers.com/5312167
Address:
Miami Beach, FL 33139
Ownership: For Sale
Type: Unknown

Financials

Price:$3,990,000

Description

PRIME CORNER LOT | 12-UNIT MULTIFAMILY | 100% OCCUPIED | VALUE-ADD OPPORTUNITY This is a rare opportunity to acquire a stabilized, income-producing asset with immediate cash flow and a clear path to forced appreciation through organic rent growth. 12 Total Units: · Unit Mix: 10 x 1BD/1BA | 2 x 2BD/2BA · Total Building Size: 13,300 SF · Occupancy: 100% · Onsite Parking · Below-Market Rents | Strong Value-Add Upside · Corner Lot | High Visibility Location 100% occupancy demonstrates the property’s consistent desirability and the strength of local rental demand. Current rents remain below market, presenting a clear value-add opportunity for an investor to execute a strategic rent repositioning strategy and unlock meaningful upside in NOI and overall asset value.

Contact

888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of Cervera Real Estate Inc.