Description
This 8-unit boutique multifamily building is located in one of the best areas in North Miami, just a few blocks from Biscayne Boulevard and bustling 125th Street. This recently renovated property is now being offered for sale at $2,200,000. The property features a spacious unit mix of seven 634 SF one bedrooms and one 725 SF 2 2-bedroom/2-bathroom apartments. All units are rented and provide a steady cash flow, with a gross rental income of $156,000per year. High demand for quality rentals in this area has kept rent prices rising and will continue to do so for the foreseeable future. Middle-income multifamily properties in great neighborhoods, such as this property, have proven strong performance and resilience in down markets.
School Ratings & Info
Description
This 8-unit boutique multifamily building is located in one of the best areas in North Miami, just a few blocks from Biscayne Boulevard and bustling 125th Street. This recently renovated property is now being offered for sale at $2,200,000. The property features a spacious unit mix of seven 634 SF one bedrooms and one 725 SF 2 2-bedroom/2-bathroom apartments. All units are rented and provide a steady cash flow, with a gross rental income of $156,000per year. High demand for quality rentals in this area has kept rent prices rising and will continue to do so for the foreseeable future. Middle-income multifamily properties in great neighborhoods, such as this property, have proven strong performance and resilience in down markets.
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