12 Unit Apartments in Miami - 22391

Miami, FL

Multi-family for Sale - $1,099,000

Capital Commercial Real Estate Group, In

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Agent Info

CompanyCapital Commercial Real Estate Group, In

Property Info

CIMLS #968300
Location12 Unit Apartments in Miami - 22391
Miami FL 33147
Last UpdatedJanuary 15th, 2019
DemographicsView data


Property Description

The building is two stories with 6,601�sf. ft. and is situated on 7,499 sq. ft. of land. The units were updated, but rents are low: $600 for a 1 bedroom and $800 to $900 for a 2 bedroom unit. The tax records shows 15 units, but when the current owner purchased the property, it was operating as 12 units�and there are 12 electric meters. The seller states that within 30 days he will have the re-certification from the city for the use as 12 units.�

The locale where the property is located is generating significant investor excitement, which has spurred new real estate development. The area is being redeveloped and it is proposed that David Beckham plans to build a $150 million, 25,000 seat soccer stadium on a 9 acre site nearby. Also, the Miami World Center, a $1.7 Billion, mixed-use development is anticipating a 2018 end-year completion date. For additional information call 954-455-3366.

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