1053 NW 29th St - Apartments FOR SALE


Miami, FL 33127- Allapattah
$2,599,000 USD
305-989-9550
1053 NW 29th St, Miami, FL for Sale
$2,599,000 USD
Apartments - FOR SALE
1/93
null | 6.24% Cap Rate

1053 NW 29th St
Miami, FL 33127
Allapattah


HIGHLIGHTS

  • This investment property boasts 5 fully-furnished units, allowing for immediate rental income without the need for additional expenses.
  • Tenants' needs are met with the convenience of in-unit washers and dryers, enhancing the property's appeal and ensuring it remains in high demand.
  • The property features a secure gated entrance and parking for up to 8 cars, providing security for both tenants and investors.
  • The property's proximity to Wynwood, Healthcare District, Miami Beach and Miami International Airport positions it in a great location.

OVERVIEW

Presenting 1053 NW 29th Street, a small boutique multi-family property available for investors in Miami, Florida. This meticulously maintained three-story building has a total of 5 fully furnished units, with 4 units consisting of 2 bed/2 bath and 1 unit of 1 bed/1 bath. Every unit ensures a hassle-free transition for tenants and provides immediate rental income. The inclusion of an in-unit washer and dryer in each unit adds to the property's appeal, making it even more attractive to potential tenants. For tenant safety and security, the property features gated parking for up to 8 cars. Monthly Rent includes utilities It is strategically located in a growing market near Wynwood, Health Districts, Miami Beach, Miami International Airport and major highways, including I-95 and I-195. This investment opportunity at 1053 NW 29th St is the perfect blend of style, convenience, and security, making it a lucrative asset in the heart of Miami.

FOR SALE DETAILS

PRICE

$2,599,000 USD

PRICE/SF

$340 USD /SF

# OF UNITS

5

PRICE/UNIT

$519,800

CAP RATE

6.24%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2021

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

T4-0

APN/PARCEL ID

01-3126-036-1160

ASK ABOUT THIS PROPERTY

Julie RayBHHS EWM RealtyMore Info
305-989-9550

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Julie RayBHHS EWM RealtyMore Info
305-989-9550

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.