Multifamily in Miami, FL 33135

Collingwood, 3045 SW 1st St

The property is located at 3045 SW 1 ST Miami, FL 33125. The list price is $730,000. The building has 4-units, all 1Bed/1Bath. New roof in 2021, updated electrical and 40-Year certification completed in 2021. Each unit has wall-unit A/Cs. The building is fully occupied with long-term tenants and they are all Month-to-Month. The property is a cash cow with low expenses and maintenance, no need to hire a waste management company as it is picked up by the city. With some TLC this building can achieve just under $5,000/month in Potential Gross Income, based on market rents. This is a great opportunity for a first time buyer in the multifamily industry or even a veteran looking to expand his portfolio. This is a great investment property and can be used for short-term rental/AirBnB.