OFF Market 38 Unit Multifamily Complex!!

Miami, Florida
Multifamily

Listings Stats

Published: Oct 27, 2023
Last Edited: Mar 29, 2024
Listing Type: FSBO
Listing Status: Available
Number of Views: 316
Days On Flippery: 205
Number of Favorites: 0

The Numbers

Asking Price ($): $6,200,000
After Repair Value: $0.00
Est. Cost of Repairs: $0.00
Est. Gross Profit: $6,200,000
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Real Estate Investment

Description of Property

Introducing an Outstanding investment opportunity: a 38-unit mixed-use multifamily property with a retail store, strategically positioned on a developing main corridor. Priced attractively at 12.4% cap rate this property offers substantial potential for investors.

 

CURRENTLY RENTED BELOW MARKET RATE

Outstanding Value Add Play opportunity for this Complex which the Units can be updated as well as Rasing the Rents to Market Rates

DON’T MISS OUT ON THIS OPPORTUNITY!!!

Description of Repairs

No Repairs
  • Access:
    N/A
  • Build Year:
    1958
  • Home Area(sqft):
    19,608
  • Bedrooms:
    5+
  • Property Type:
    Multi-Fam 5+
  • Occupancy:
    Tenant Occupied
  • Bathrooms:
    5+
  • Parking:
    Off Street

The Numbers

  • Asking Price ($):
    $6,200,000
  • As-Is Price/Sq Ft:
    $0.00
  • Est. Gross Profit/Equity:
    $-6,200,000
  • Price Negotiable?:
  • Purchase Option:
    Cash, Hard Money,

Comparables

Not Available

Property Inspection

Location

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