Multifamily Property – 5 Units in Miami, FL – 5% Cap Rate with Redevelopment Potential
Commercial Sale
Category: Multifamily
Price:$1,827,000
Location: Miami, FL
Year Built: 1981
Days on Market: 47
Description:
Rare Investment Opportunity! This solid CBS construction 5-unit multifamily property offers a 5% cap rate with potential for rent increases. Featuring two 3BD/2BA units and three 2BD/1BA units, it boasts a total of 12 bedrooms and 7 bathrooms. The 7,500 Sq. Ft. lot with T-5 Open zoning allows for redevelopment of up to 11 residential or 22 hotel units (renders available). Prime location just one block from Calle 8’s entertainment district and minutes from Brickell, Downtown, Coral Gables, I-95, and Miami International Airport. Each unit has separate water and electrical meters for effortless management. Recent upgrades include new roof, kitchens, bathrooms, AC, appliances, fencing, and parking. Excellent opportunity!
Solid CBS construction 5-unit multifamily property offers a 5% cap rate with potential rent increases. Featuring two 3BD/2BA and three 2BD/1BA units
Listing Code: 1107713650