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8 CASH-FLOWING Units. Located in OPPORTUNITY ZONE! Ideal Buy-and-Hold Investment w/ HUGE UPSIDE for FUTURE REDEVELOPMENT! 5 Stories & 30 Units!
Florida, Miami
$1,200,000 / AED4,406,905
Location: Florida, Miami
Plot size & built up area: Sqft
Property Availability Status :
Amazing investment opportunity in Little Haiti (2 FOLIOS: 111 NW 77 ST AND 110 NW 76 ST). 8 Existing CASH-FLOWING units, 100% Occupancy! Rents are Below Market! 5%+ Cap Rate in a Prime and Growing area w/ possibility to increase significantly. Favorable Zoning: T5-R! Ideal Buy-and-Hold Investment with HUGE UPSIDE for FUTURE REDEVELOPMENT. Build up to 5 stories high & 30 units, do your own research. Property Has Access on 2 Streets. **Located in OPPORTUNITY ZONE: potentially offering significant capital gains tax savings for the buyer. Little Haiti is currently developing the Magic City Innovation District Area: • Residential • Commercial • Art Galleries • Showrooms • Offices • Entertainment Spaces. Once complete it will raise rents & property values in the surrounding area along the way.
| General Description | |
|---|---|
| Web Reference: | RO-RETSCLS-MX-919675022 |
| Ref/MLS No: | A10841328 |
| Country: | United States |
| State: | Florida |
| City: | Miami |
| Latitude: | 25.844854 |
| Longitude: | -80.199114 |
| Exclusive: | No |
| Property Type: | Commercial |
| Commercial Property Type: | Apartments/Condos |
| Furnished: | No |
| Tenanted: | No |
| No. of Bathrooms: |
| Attributes | |
|---|---|
| Lot/Plot Size SqF: | 8467.00 |
| Lot/Plot Size SqM: | 786.46 |