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PRESENTING A 24 UNIT MULTI FAMILY ASSET WITH STABLE IN PLACE INCOME AND COMPELLING VALUE ADD POTENTIAL IN EMERGING MIAMI WORKFORCE HOUSING SUBMARKET.

1801 54th Street
Miami, FL 33142

Listing

Web ID:5822695
Website:https://www.nestseekers.com/5822695

Property

Ownership: For Sale
Type: Land
Lot Size: 0.3 Acres

Financials

Price:$4,185,000

Description

PRESENTING A 24-UNIT MULTI-FAMILY ASSET WITH STABLE IN-PLACE INCOME AND COMPELLING VALUE-ADD POTENTIAL IN EMERGING MIAMI WORKFORCE HOUSING SUBMARKET....Offering consistently high occupancy for this balanced mix of (6) 2 Bed/1 Bath and (18) 1 Bed/1 Bath units spread between market-rate and Section 8 tenancies, the property delivers dependable cashflow today with meaningful upside tomorrow via incremental capital improvements and rental growth. Featuring certainty from anup-to-date building recertification, select units have also benefited from interior upgrades including flooring, appliances, kitchens, and bathrooms. Additional features include on-site parking for approximately 11 vehicles, immediate access to mass transit, and coveted garden-style courtyard layout supporting continued modernization of the aesthetic.Positioned on a visible corner location along the path-to-progress NW 54th Street corridor, the asset benefits from excellent connectivity to the broader Miami urban core, providing convenient access between neighboring submarkets as Allapattah, West Little River, Buena Vista, Little Haiti and Midtown. As investment andredevelopment activity continues to expand throughout the West of I-95 region, Liberty City presents an attractive advantage to acquire a high-performing, low-risk asset with durable income, operational upside, and long-term appreciation potential.
Virtual Tour: https://www.propertypanorama.com/instaview/mia/A12040278

Amenities

  • Electricity Available
  • Water Available

Location

1801 54th Miami FL 33142 USA

Contact

Palm Beach, FL
Deborah L. Ginsburg
150 Worth Ave, Palm Beach, FL 33480
Phone: +1 561-725-9229
deborahg@nestseekers.com
Listing Courtesy of The Alpha Commercial Advisors LLC
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