Property Description

Fully renovated six-unit apartment building in central Miami, offered at $1,600,000 ($595/SF of building area). The one-story, 2,688 SF building sits on a 6,360 SF (0.15 AC) lot, built in 1957, zoned T4-R (City of Miami, Miami 21). All six units are 1 bed / 1 bath with updated kitchens, bathrooms and finishes, plus in-unit washers. Units are projected to rent at $1,950/month, or $140,400/year in gross rent at full occupancy (11.4 GRM). Located between Miami International Airport (2.2 mi) and Nu Stadium at Miami Freedom Park (0.8 mi), home of Inter Miami CF. About a quarter mile to SR 836, about 1 mile to SR 112, and about 1.1 miles to the Miami Intermodal Center (Metrorail and Tri-Rail). Coral Gables 2.3 mi, Calle Ocho 2.4 mi, Brickell 3.9 mi, Downtown Miami 4.2 mi. Target at Centro City 0.3 mi. Interior photos are virtually staged with AI; furniture not included. Buyer to verify rents, expenses, occupancy and permits.

Property Features