Listed by Kariza Capital Realty, LLC, KARIZA CAPITAL REALTY LLC
$299,000
AIRLINE ESTATES
Details
APN 30-31-03-011-1350
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 2,487
Units 3
Year Built 1938
Zoning 5700
Parking Spaces 6 spaces
Parking Per SqFt 2.41
Multifamily | 3 Units
Marketing description
Triplex located in West Little River, near downtown Miami. Excellent opportunity for investors. This handyman special has a unique layout and substantial potential. Currently registered as a duplex on tax records with an added structure, it needs a discerning investor to legalize it as a triplex (three electric meters). The property's prime location offers proximity to beaches, entertainment, places of worship, and benefits from a robust rental market. Schedule an appointment to view the property's interior. After rehab value is ~$800K with potential of $7K a month in rental income, requires $150-200K rehab, giving you a NET CAP Rate of 12.6%.
Listing Contacts
Listed by Kariza Capital Realty, LLC, KARIZA CAPITAL REALTY LLC
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