FOR SALE

329 9th Ave

Miami-dade, Brickell Riverview, Miami, FL

Asking

$1,495,000

BTC

22.342

ETH

749.37

Home Size
3,380 sq. ft.
Year Built
1975
Alerio Group is proud to exclusively present 870 SW 3rd Street, a boutique 4-unit multifamily property located in the heart of Little Havana. This meticulously maintained asset features four 2-bedroom, 1-bath units, currently rented at $2,250 x 3 and 1x @ $2225, delivering high in-place income at a 5.5% CAP rate with upside potential. The property has undergone extensive upgrades both inside and out. All of the unit interiors have been fully remodeled and include impact windows, a new roof, central air conditioning in all units, six on-site parking spaces, new asphalt paving, a new fence including dumpster enclosure, and new railings. All work was done with permits. Additional income is generated through on-site coin-operated laundry (1 new washer / 1 dryer). Designed for ease of ownership, this low-maintenance building is simple to manage and offers the ability to further increase rents. All tenants are secured with annual leases except one MTM lease. Located in one of the strongest rental markets in the country, this Little Havana multifamily asset offers durable cash flow, inflation resistance, and long-term appreciation potential. This offering will not last.

LOADING

Location

Market Area
Miami-Dade
Neighborhood
BRICKELL RIVERVIEW

Agents

Richard Collar

+1 310 910 1722

Angel Fuentes

+1 310 910 1722

Contact Email

[email protected]