Description
PRESENTING A 24-UNIT MULTI-FAMILY ASSET WITH STABLE IN-PLACE INCOME AND COMPELLING VALUE-ADD POTENTIAL IN EMERGING MIAMI WORKFORCE HOUSING SUBMARKET....Offering consistently high occupancy for this balanced mix of (6) 2 Bed/1 Bath and (18) 1 Bed/1 Bath units spread between market-rate and Section 8 tenancies, the property delivers dependable cashflow today with meaningful upside tomorrow via incremental capital improvements and rental growth. Featuring certainty from anup-to-date building recertification, select units have also benefited from interior upgrades including flooring, appliances, kitchens, and bathrooms. Additional features include on-site parking for approximately 11 vehicles, immediate access to mass transit, and coveted garden-style courtyard layout supporting continued modernization of the aesthetic.Positioned on a visible corner location along the path-to-progress NW 54th Street corridor, the asset benefits from excellent connectivity to the broader Miami urban core, providing convenient access between neighboring submarkets as Allapattah, West Little River, Buena Vista, Little Haiti and Midtown. As investment andredevelopment activity continues to expand throughout the West of I-95 region, Liberty City presents an attractive advantage to acquire a high-performing, low-risk asset with durable income, operational upside, and long-term appreciation potential.
Details
| MLS # | A12040278 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 114 |
| Listing Provided By | The Alpha Commercial Advisors LLC | Steffanie Jacobson |
Features
| Zoning | 6101 |
|---|---|
| Acreage | 0.27 |
Exterior
| Lot Features | Central Business District |
|---|
Taxes
| Tax Annual Amount | 0 |
|---|
Area Information
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33142 |
| Area | 2310 |
| Community Name | FLORAL PK 1ST AMD |
| Listing VS Median (in FLORAL PK 1ST AMD) | |
Price: $4,395,000 low | high Med: $349,450 On site: 114 low | high Med: 56.5 | |
Market Activity 33142
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Learn More About This Property
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33142 |
| Area | 2310 |
| Community Name | FLORAL PK 1ST AMD |
| Listing VS Median (in FLORAL PK 1ST AMD) | |
Price: $4,395,000 low | high Med: $349,450 On site: 114 low | high Med: 56.5 | |