401 NW 81st St - Apartments FOR SALE


Miami, FL 33150
$485,000 USD
786-285-7739
401 NW 81st St, Miami, FL for Sale
$485,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

401 NW 81st St
Miami, FL 33150


HIGHLIGHTS

  • The property consists of a good blend of two units, 1-bedroom/1-bathroom units and 2 parking spaces.
  • New roof (January 2023), and one of the units was fully renovated (January 2023).
  • Huge potential in the property with small improvements and a more aggressive leasing plan.

OVERVIEW

A great opportunity to acquire a duplex, perfectly located in one of Miami's growing areas. Well maintained property in Little River, just minutes from all that Miami has to offer. The property consists of a good blend of two units, 1-bedroom/1-bathroom units and 2 parking spaces. Built in 1948, this one-story building has a new roof (January 2023), and one of the units was fully renovated (January 2023). The property is rented, $1,125 monthly each unit on a month-to-month basis. Huge potential in the property with small improvements and a more aggressive leasing plan to improve income with rents higher than currently in place. Perfectly located next to I-95, close to Miami Shores, Biscayne Blvd, and the booming area of NE 2nd Avenue (The Citadel).

FOR SALE DETAILS

PRICE

$485,000 USD

PRICE/SF

$384 USD /SF

# OF UNITS

2

PRICE/UNIT

$242,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,150 SF

ZONING

RU-2

APN/PARCEL ID

30-3112-023-1080

ASK ABOUT THIS PROPERTY

Joel RodriguezGlobal Investments Realty, Inc.More Info
786-285-7739

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Joel RodriguezGlobal Investments Realty, Inc.More Info
786-285-7739

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