7638 N Miami Ave - Apartments FOR SALE


Miami, FL 33150
$1,589,000 USD
305-338-1847
7638 N Miami Ave, Miami, FL for Sale
$1,589,000 USD
Apartments - FOR SALE
1/42
null | 6.93% Cap Rate

7638 N Miami Ave
Miami, FL 33150


HIGHLIGHTS

  • Situated in the heart of Miami, FL
  • Close proximity to major highways

OVERVIEW

Great opportunity to own an income producing property in a centrally located T-5 Zone. On N Miami Ave near I-95, minutes from Midtown, Downtown, and Miami Beach. This multi-family property consist of two structures, two story building with 4 - 1BR 1 BA and one story building with 4 - Studio apartments. Each unit has its own eletrical meters, two water meters (one for each bldg) and 4 parking spaces. The roof is a couple of years and the property is exempt from 40/50. The property is currently being operating as a mix-use of short term rental and long term rentals.

FOR SALE DETAILS

PRICE

$1,589,000 USD

PRICE/SF

$408 USD /SF

# OF UNITS

8

PRICE/UNIT

$198,625

CAP RATE

6.93%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

T-5

APN/PARCEL ID

01-3112-066-0020

ASK ABOUT THIS PROPERTY

Shanin AlvarezSRA REALTYMore Info
305-338-1847

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Shanin AlvarezSRA REALTYMore Info
305-338-1847

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