PRICE REDUCTION:
MCG Realty Advisors is thrilled to present an exceptional 8-unit boutique multifamily property located in the heart of North Miami. Just a few blocks from Biscayne Boulevard, this property is surrounded by popular shops and conveniences, including Whole Foods, Publix, CVS, Walgreens, and more. This recently renovated property is being offered for sale at a reduced price of $1,845,000, providing an attractive 6.53% Cap Rate.
Sitting on an oversized 10,950-square-foot lot, the property boasts a desirable unit mix of seven (1BR/1BA) apartments and one (2BR/2BA) apartment. All units are fully leased, generating a steady gross rental income of over $160,000 annually. Recent updates include new Hurricane Impact windows and doors, fresh exterior paint, upgraded fences, and stylish interior renovations such as 20x20 porcelain tile floors, modern kitchen countertops, wood cabinets, and updated showers and bathtubs. Ample parking is available for tenants and guests, adding to the property's appeal.
This investment opportunity is ideally positioned in a high-demand rental market where strong appreciation and consistent rental income continue to outperform expectations. Properties like this, catering to middle-income tenants in vibrant neighborhoods, have consistently demonstrated resilience and solid performance even during market fluctuations.
Don’t miss this chance to secure a turnkey, income-generating property with outstanding potential for long-term value growth.
Please contact Ron Mann for the exclusive brochure including current rent roll and expenses.
Ron Mann
Phone: 305/490-1404
Email: Ron@MCG-Realty.com