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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
28777737
28777736

10270 SW 181st St, Miami, FL 33157 For Sale

EG
FL 602745
Skyrise Commercial Real Estate Advisors
RS
BK3057229
Skyrise Commercial
Listed by Skyrise Commercial Real Estate Advisors, Skyrise Commercial
$4,299,000
228 days on market
Updated 26 days ago
Opportunity zone

Perrine 16 Units

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 13,000
Net Rentable (SqFt) 13,000
Units 16
Cap Rate 6.85%
NOI $294,642
Occupancy 100%
Tenancy Multi
Rent Bumps No
Pro-Forma Cap Rate 7.35%
Pro-Forma NOI $315,865
Price per SqFt $331
Broker Co-Op True
Class A
Year Built 2005
Year Renovated 2024
Buildings 4
Stories 1
Lot Size (SqFt) 44,548
Zoning RU-TH
Parking Spaces 36 spaces
Parking per 1,000 SqFt 2.77
Investment Type Stabilized
Occupancy Date 12/01/2025
Ownership Fee Simple
Sale Condition For sale by owner

Great Investment Opportunity in South Miami

Marketing description

Fantastic Opportunity to acquire 16-units in South Miami.

Perrine contains 16 two bedroom /one bath units each equipped with Central Air, Washer/Dryer, Refrigerator, Stove, Hoodfan, Smoke Alarms, Window Blinds, Tile Floors, Large Kitchens, Tub in Bathrooms, LED lighting, Fenced Parking for 36 vehicles including 4 handicap spaces, lush mature landscaping and excellent access to US-1 and Florida Turnpike.

Perrine is 100% occupied and rents can grow as nearby redevelopment projects start to come online. With a combination of privacy, large units, private parking and inside washers and dryers, Perrine is a long term hold for any future investor.

Call to set up a showing.

Investment highlights

Fantastic opporutnity to acquire a 16 unit portfolio of units located on one acre of land off US-1. Perrine 16 encompasses four buildings built in 2005 with beautiful barrel tile roofs, impact doors, plenty of parking including handicap accessible spaces, mature landscape, central air and 2 bedrooms each.

Perrine offers great upside due to its location to high traffic transit such as US-1, Eureka Drive and Florida Turnpike.

Located just minutes from brand new developments including the proposed redevelopment of the Cutler Ridge Mall.

Listing Contacts

EG
FL 602745
Skyrise Commercial Real Estate Advisors
RS
BK3057229
Skyrise Commercial
Listed by Skyrise Commercial Real Estate Advisors, Skyrise Commercial

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$294,642.00
$24,553.50/mo

Valuation Metrics

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DSCR
6.85%
Cap Rate
6.85%
ROI

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