2014 SW 3rd St, Miami FL 33135

Descripción

9-unit apartment building, all units are 2-bedrooms 1-bathroom, approximately 780 sq,ft each. This property has a current monthly gross income of $17,900, which results in a cap rate of 5.43% at the offered price. However, the projected and potential monthly gross income is $22,955, which would result in a cap rate of 6.22%. This could be achieved as leases renew and increase the rents on the month to month tenants. 40-year recertification that was completed on 4/29/2021. With an average effective rent of $1,944, an investor has the opportunity to increase rental rates by 28% to be competitive within the market as units turn. Stabilized asset boasting 100% occupancy, generates a stable income, with minimal deferred maintenance.

This income/multifamily home located at 2014 SW 3rd St, Miami FL 33135 is currently for sale and has been available on Brickellsold for 72 days. This property is listed at $3M. It has N/A beds, N/A bathrooms, and is N/A square feet. It was built in 1971. 2014 SW 3rd St, Miami FL 33135 is in Miami neighborhood Miami-Dade County.