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 ...
| Website: | https://www.nestseekers.com/5312167 |
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| Address: | Miami Beach, FL 33139 |
| Ownership: | For Sale |
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| 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.
Virtual Tour: https://www.propertypanorama.com/instaview/mia/A11973033
888 Biscayne Blvd # Unit CU9 Miami, FL 33132 Phone: +1 305-203-4555 Fax: +1 305-675-0745 | |
| Listing Courtesy of Cervera Real Estate Inc. | |