Listed by Fausto Commercial, Fausto Commercial Realty Consultants
$1,700,000
12TH ST MANORS
Details
APN 01-41-04-023-4150
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 5,334
Year Built 1963
Stories 2
Zoning 5700
Parking Spaces 7 spaces
Parking per 1,000 SqFt 1.31
Multifamily
Marketing description
Value-add "compound" opportunity featuring a unique 6-unit residential property on an expansive 10,400 Sq. Ft. lot. This property offers a versatile unit mix consisting of a standalone 3-bedroom, 2-bathroom single-family home (built 1948) and a separate two story 5-unit apartment building (built 1963) featuring all 1-bedroom, 1-bathroom layouts. All structures feature solid CBS construction and "great bones," providing the perfect canvas for an investor to renovate and capture massive rental upside.
Current Gross income $97,045
Current NOI $66,255
Strategically located in a high-demand growth pocket, the property is just blocks from the Magic City Casino and the future Miami Freedom Park (Inter Miami Stadium). With immediate access to the 836 Expressway, residents are minutes from Miami International Airport, the Health District, and Downtown Miami. Currently operating with below-market rents, this asset is a prime candidate for a repositioning strategy to maximize yield in one of Miami’s most exciting emerging corridors.
Do not disturb tenants
Listing Contacts
Listed by Fausto Commercial, Fausto Commercial Realty Consultants
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