120 NW 7TH AVE Miami FL 33128-1570

Eight (1) bedroom, (1) bathroom apartment building located in Little Havana near the Miami River. Units are an estimated 683 square feet. Building was built in 1925. Concrete slab, flat roof, fenced around, window AC, gated entry, security bars. Lot - 5000 square feet. Building - 5,467 square feet. Zoned T6-8-R.

Eleventrust is proud to present 120 Beach Holdings Group. 120 NW 7th Ave. is a (8) unit apartm ent building located in Little Havana near Miam i River. 120 w as built in 1925 w ith concrete slab, flat roof, fenced around, w indow AC, gated entry, security bars. The building has (8) one bedroom and one bath units averaging at 683 Sq. Ft. per unit w hich total to 5,467 Sq. Ft. The building sits on a 5,000 Sq. Ft. lot that is zoned T6-8-R.

Currently the building is running at a 4.66% cap rate, investor has the opportunity to invest 5k-8k per unit to bring the one bedroom s to at least $1,250 and enjoy over a 7% return on his investment. Investor has the opportunity to knock down existing structure and build by right up to 18 units.