Sale Overview
Property Description
Great opportunity to purchase a multifamily investment property in a high demand rental area. The property consists of 6 two-story duplex structures with a total of 12 units. Most units are 3BR/2.5BA and some have converted the living room to a fourth bedroom. Some units are updated, and others will require some updating. The roofs are in good condition and the property has approximately 40 parking spaces. Tenants are all month to month but have resided long-term with some tenants as long as 20 years. Rents are below market allowing for Buyer to increase rents and value add. Seller will credit buyer $180,000.00 for updating units. Seller will finance up to $1.2M at 5.5% interest only for 18 months and give 6 months interest free.
Area Overview
CENTRAL
Near Major Attractions, Markets, Passenger And Cargo Hubs:
- 10 Minutes From Miami International Airport
- 15 Minutes From Coral Gables
- 8 Minutes From Downtown/Brickell
- Convenient Drive To Ft. Laud Int. Airport, Ports & Stadiums
Key Facts
640,546Population
40.2Median Age
2.6Average Household Size
$42,876Average Household Income
Statistics Radius
5 Miles
Business
53,669Total Business
399,292Total Employees
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