Listed by Cube Realty
$2,500,000
FULFORD BY THE SEA SEC D
Details
APN 07-22-09-006-2240
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 10,284
Units 12
NOI $175,000
Year Built 1968
Stories 2
Zoning 3800
Parking Spaces 9 spaces
Parking Per SqFt 0.88
Multifamily | 12 Units
Marketing description
Located just minutes from Greynolds Park, Oleta River Park, and the FIU Biscayne Bay Campus (1.5 miles northwest), this stable 12-unit multifamily asset offers an ideal blend of nature and convenience. Built in 1978 and constructed with durable concrete block, stucco finish, and gable roofs, the property features approximately 10,284 total square feet across a highly desirable unit mix:(10) 1-Bed / 1-Bath Lofts: Averaging ±650 sq. ft. each (6,500 sq. ft. total rentable)(2) 2-Bed / 1-Bath Units: Averaging ±850 sq. ft. each (1,700 sq. ft. total rentable)The property is priced to deliver an attractive projected 6.25% capitalization rate based on market-rate rent optimization. Residents enjoy exceptional lifestyle amenities and commuter connectivity, with Aventura Mall less than 9 minutes away, alongside immediate access to Biscayne Boulevard and I-95.
Listing Contacts
Listed by Cube Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$175,000.00
$14,583.33/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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