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30888271
30888268

18101 NW 7th Ave, Miami, FL 33169 For Sale

JS
FL 3366522
Trustpoint realty
NA
FL 3605601
Trustpoint realty
Trustpoint realty
Trustpoint realty
Listed by Trustpoint realty
$7,400,000
133 days on market
Updated 9 days ago

Miami Gardens Value-Add Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
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
Buildings 1
Stories 1
Lot Size (SqFt) 47,025
Investment Type Value Add

32 Unit Value Add Multifamily Opportunity in Miami Gardens

Marketing description

TrustPoint Realty is pleased to present a 32-unit multifamily investment opportunity located at 18101 NW 7th Avenue in Miami Gardens, Florida. The 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 asset is 100% occupied and offers investors a stable multifamily property in a high-demand rental market. The property also presents value-add potential through rent growth, as several units are currently below market compared to similar properties in the surrounding Miami Gardens area.

Additional highlights include over 50 on-site parking spaces and a roof installed in 2016, helping limit near-term capital expenditures. The property benefits from strong accessibility to major roadways, retail centers, and employment hubs throughout Miami-Dade County.

This opportunity is ideal for investors seeking a well-located multifamily asset with upside potential in the South Florida market.

Investment highlights

This 32-unit multifamily property presents investors with the opportunity to acquire a well-located asset in the growing Miami Gardens submarket. The property is fully occupied and benefits from consistent rental demand driven by the area's strong population growth and proximity to major employment centers throughout Miami-Dade County.

The unit mix of primarily two-bedroom apartments appeals to long-term tenants and supports stable occupancy. Investors have the opportunity to increase revenue through strategic rent adjustments as units turn over and through continued operational improvements.

The property sits on over one acre of land with ample on-site parking and benefits from a roof installed in 2016, helping limit near-term capital expenditures. Its location along NW 7th Avenue provides strong accessibility to major roadways, retail centers, and public transportation.

This investment is well suited for investors seeking a stabilized multifamily asset with the potential for future income growth in one of South Florida’s most active rental markets.

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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