Property
| Ownership: | For Sale |
|---|---|
| Type: | Unknown |
| Area: | 5948 sq ft |
Financials
Price:$1,200,000
Annual Taxes:$11,340
Listing Courtesy of Coldwell Banker Realty
Prime 8 Unit Multifamily Investment Opportunity in the Heart of Miami !
Two-story stucco exterior featuring a mission-style parapet with star detail, second-level balcony, multi-pane windows, and a paved walkway
Description
Prime 8 Unit Multifamily Investment Opportunity in the Heart of Miami! Discover this income producing property ideally located near Little Havana, Downtown Miami, Brickell and major expressways. This two story building features eight spacious 1 bedroom, 1 bathroom apartments with separate electric meters and 5,948 sq. ft. of building area. All units feature similar layouts and the property has been maintained with updates and repairs as needed. Highlights include a roof replaced in 2023 and City of Miami approved structural and electrical recertification reviews in 2025. Currently generating $115,200 in annual rental income, with approximately $72,200 in adjusted annual net operating income (NOI) based on estimated recurring expenses of $43,000. Excellent rental upside potential, with projected gross income of $144,000 annually if all eight units rent for $1,500 per month, subject to market conditions and existing month to month leases. This property offers investors immediate income, strong rental growth potential and a prime central Miami location. Don't miss this opportunity to own eight income producing units under one roof!
Amenities
- Balcony
- Cable - Available
- Interior Lot
- Natural Gas Available
- Regular Lot
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.