Description
6% cap as is 7% in 6 months. Incredible opportunity for investors. Can be transformed in AIRBNB or REDEVELOPED (14 units) Close to Aventura, Wynwood and downtown Miami. 1 block from Biscayne, Aldi supermarket, new Dunkin Donuts, Citibank and Fontana Shops. Plenty of parking. This is a 7 units being used as a 5 units 2x 2bed/2bath + 3x 1/1. Building being renovated. Most of the work already done.Step in now and keep the upside. Enjoy a 7% cap while you wait for the appreciation. Huge 12,500 sqf corner lot that can be redeveloped to 14 units or used as an AIRBNB for short term rentals and bring a 20% return. Actually: Units 1 and 2 - 2Bed 2Baths rented at $1,650 Each Units 3, 4, 5 - 1Bed/1Baths rented at $1,150 each See Rent roll survey and floor plan in attachments
School Ratings & Info
Description
6% cap as is 7% in 6 months. Incredible opportunity for investors. Can be transformed in AIRBNB or REDEVELOPED (14 units) Close to Aventura, Wynwood and downtown Miami. 1 block from Biscayne, Aldi supermarket, new Dunkin Donuts, Citibank and Fontana Shops. Plenty of parking. This is a 7 units being used as a 5 units 2x 2bed/2bath + 3x 1/1. Building being renovated. Most of the work already done.Step in now and keep the upside. Enjoy a 7% cap while you wait for the appreciation. Huge 12,500 sqf corner lot that can be redeveloped to 14 units or used as an AIRBNB for short term rentals and bring a 20% return. Actually: Units 1 and 2 - 2Bed 2Baths rented at $1,650 Each Units 3, 4, 5 - 1Bed/1Baths rented at $1,150 each See Rent roll survey and floor plan in attachments
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