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30898311
30898304

18101 NW 7th Ave, Miami Gardens, FL 33169

JS
FL 3366522
Trustpoint realty
NA
FL 3605601
Trustpoint realty
Trustpoint realty
Trustpoint realty
Listed by Trustpoint realty
$7,399,999
85 days on market
Updated 13 days ago

18101 NW 7th Ave

Details
APN 34-21-12-003-0370
Property Type Multifamily
Sub Type Apartment Building, Apartment/Condo
Square Footage 23,635
Net Rentable (SqFt) 23,635
Units 32
Cap Rate 6.25%
NOI $462,132
Occupancy 100%
Price per SqFt $313
Class C
Year Built 1968
Stories 2
Lot Size (SqFt) 47,025
Zoning 6800
Investment Type Value Add

32 Unit Multifamily Investment Opportunity in Miami Gardens

Marketing description

Prime multifamily investment opportunity in Miami Gardens. This 32-unit property sits on just over one acre and features a strong unit mix of 23 two-bedroom, one-bath units and 9 one-bedroom, one-bath units. The property is currently 100% occupied and producing approximately $462,000 in net operating income, offering investors immediate cash flow with additional upside through future rent growth. The property benefits from over 50 on-site parking spaces and a roof installed in 2016. Many of the rents are below current market levels, providing a clear value-add opportunity for the next owner through strategic rent increases and operational improvements. Located along NW 7th Avenue, the property offers strong visibility and convenient access to major roadways, retail, and employment centers throughout Miami Gardens and the surrounding areas. This asset is well suited for investors seeking a stabilized multifamily property with long-term appreciation potential in a growing Miami-Dade submarket.
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Listing Contacts

JS
FL 3366522
Trustpoint realty
NA
FL 3605601
Trustpoint realty
Trustpoint realty
Trustpoint realty
Listed by Trustpoint realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$462,132.00
$38,511.00/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

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Additional Information

Name
Joseph Suarez Esq.
License
3366522
Brokerage
Trustpoint Realty
Brokerage Phone
3052000348
Title
Real Estate Broker
Name
Nicholas Arias
License
3605601
Brokerage
Trust Point Realty
Title
Real Estate Agent
Brokerage Address
15207 Northwest 60th Avenue
Name
Francisco Palacios, MSIRE
License
3619567
Brokerage
Trustpoint Realty
Brokerage Phone
3052000348
Title
Commercial Advisor
Brokerage Address
15207 Northwest 60th Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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