This fully renovated 17-unit multifamily property is located in Miami’s thriving Little River submarket and presents a prime investment opportunity. All the units have undergone extensive upgrades, including new roofs, hurricane-impact windows/doors, modern electrical systems, and fully remodeled kitchens and bathrooms. Making the property turn-key and minimizing maintenance costs. The property has ample parking.The property generates a net operating income of $198,000, and yields a capitalization rate of 6.08% the asking price. Its strong financial performance and prime Buena Vista location present an opportunity for investors seeking stable returns in a rapidly appreciating area.
For sale
$3,250,000
5500 N Miami Ave, Miami, FL 33127
1beds
2baths
3,635sqft
Est.:
Quadruplex
Built in 1953
-- sqft lot
$-- Zestimate®
$894/sqft
$-- HOA
What's special
Modern electrical systemsNew roofsAmple parkingExtensive upgradesFully remodeled kitchens
- 56 days
- on Zillow |
- 58 |
- 3 |
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