Listed by ONE SOTHEBY'S INTERNATIONAL REALTY
$3,150,000
Miami River multi
Details
Property Type Multifamily
Sub Type Apartment Building, Single Family Rental Portfolio
Square Footage 4,768
Units 6
Cap Rate 7.75%
NOI $244,000
Occupancy 100%
Buildings 2
Stories 2
Lot Size (SqFt) 10,000
Investment Type Redevelopment
Miami river location with potential new development up to 30 units or adding the 4 next folios !!
Marketing description
Two Multifamily folios across of the Miami River . 10000 SF of land with 2 producing income of $22,000 a month . In a very good shape fully occupied .
Zoning T6-8-R allowing up to 8 stories multifamily or 33 units approx,. Ideal for a new development in an upcoming area .
ROI 7.5 % asking $3,150,000
Potential possibility to add 4 more multifamily ( vacant ) next to it for a total of 37,500 SF of land for a mayor development up to 150 units. Or running as a rental properties increasing the return .
Asking $5,000,000
Investment highlights
Investor or Developer . 7.5 % return
Listing Contacts
Listed by ONE SOTHEBY'S INTERNATIONAL REALTY
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$244,000.00
$20,333.33/mo
Valuation Metrics
0
DSCR
7.75%
Cap Rate
7.75%
ROI
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