Miami Avenue Multifamily Homes For Sale

A great investment opportunity awaits with this duplex located in the heart of Miami. Both units have 2 bedrooms and 1 bath each, parking on two sides of the property. Located right on North Miami Avenue minutes away from the Wynwood District with a variety of restaurants, art galleries and shops. Conveniently located with easy connectivity to major expressways, Downtown and South Beach. Both units are rented month-to-month to and on separate electric meters. Rent is under market value and can be rented for more.

This fully renovated 17-unit multifamily property is located in Miami’s thriving Little River submarket and presents a prime investment opportunity. All the units have undergone extensive upgrades, including new roofs, hurricane-impact windows/doors, modern electrical systems, and fully remodeled kitchens and bathrooms. Making the property turn-key and minimizing maintenance costs. The property has ample parking.The property generates a net operating income of $198,000, and yields a capitalization rate of 6.08% the asking price. Its strong financial performance and prime Buena Vista location present an opportunity for investors seeking stable returns in a rapidly appreciating area.