• This investment opportunity offers the investor the ability to purchase a truly turnkey asset with an incredible location in the heart of one of the most popular markets in South Florida! This is a 100% occupied asset with current leases producing an annual gross income of $240,000.00 updated 2023.
• Investment opportunity offers cash flow from day one with the ability to hold a premium asset that can't be beat!
Truly turnkey asset
A new investor has the opportunity to purchase a 100% occupied turnkey asset with current leases producing a potential annual gross income of $240,000.00 updated 2023
Three corner lots (18,750 sq ft), distributed in 8 1/1 units, 2 2/2 units, and two large efficiency units.
The neighborhood is experiencing significant growth and is well positioned to capitalize on residents' desire to be close to Miami's developing urban core.
This multi-family is surrounded by several nationally and locally renowned retailers and restaurants within a five mile radius. Investors will appreciate the potential for significant returns on investment in this desirable location. With direct access to the bridges to Bal Harbor and North Beach just minutes away, this location can't be beat, steps from Biscayne Boulevard, and the intracoastal. This is a high demand area for apartment rentals, easy access to everywhere, 10 min from I-95 Express way. Como vera has excellent transit connectivity and walkability in the neighborhood. Equally important, the area is booming with new residential developments attracting more people. Today, the neighborhood provides investors with a fantastic opportunity to own a property where the tenant base is large and very responsible, where tenants care for the properties as if they were their own. Therefore vacancies and evictions will be extremely rare here.