100% Leased - Seller Financing Available! 2223 SW 13th Ave

Presenting a prime commercial property located at 2223 SW 13th Ave! Seller Financing Available at a Competitive Rate!
Fully Leased income-producing asset offering a leasable area of 4,912 Sq.Ft. Zoned T6-8-0, the building houses retail and office tenants with current long-term leases that cover all building expenses, ensuring a seamless and easy-to-manage investment.
The property is fully occupied by two tenants, with the potential to accommodate up to four tenants should the new owner decide to subdivide the spaces in the future. Its strategic location in the Heart of Coral Way provides easy access to Brickell, Downtown Miami, Coral Gables, Coconut Grove, and the airport, making it an attractive destination for businesses.
The building is in excellent condition, having undergone significant renovations, including a new roof installed in 2016, new impact windows in 2022, and a newly installed grease trap in 2022. The property has also completed its Re-Certification.
This commercial gem generates a consistent cash flow with a real 5% Cap Rate, yielding more than $220,000 in net income yearly. It's the perfect investment for those seeking a property that requires minimal operational involvement.
Key Property Highlights:
- Fully Leased & Income Producing: The property is currently fully occupied, generating a consistent cash flow. The building hosts two tenants, one on the first floor and another on the second floor, with the potential to accommodate up to four tenants if the spaces are subdivided. This flexibility allows for maximized rental income.
- Newly Renewed Long-Term Leases: Both tenants have recently renewed their long-term leases, covering all building expenses. This guarantees a hassle-free investment with minimal operational involvement required from the new owner.
- Excellent Condition & Upgrades: The property has been meticulously maintained and upgraded. It boasts a new roof installed in 2016, new impact windows installed in 2022, and a newly installed grease trap in 2022. These enhancements not only improve the building's functionality but also its aesthetic appeal and market value.
- Prime Location: Situated in the vibrant Coral Way neighborhood, the property offers unparalleled access to key Miami destinations. It is conveniently located near Brickell, Downtown Miami, Coral Gables, and Coconut Grove, and just minutes from the Miami International Airport. This prime location makes it an attractive choice for businesses seeking a prestigious address with excellent connectivity.
- Ease of Management: Designed for effortless management, the property is perfect for investors looking for a low-maintenance asset. The newly renewed long-term leases ensure a steady income stream with minimal oversight required.
- Investment Potential: With a real 5% Cap Rate and over $220,000 in net income yearly, this property represents a lucrative investment opportunity. The consistent cash flow, combined with the property's prime location and excellent condition, makes it an ideal choice for investors seeking a reliable and high-yield asset. In addition there is an average on 4.5% in yearly rental increment for both tenants.
- Versatile Space: The building's current configuration supports two tenants, but it can be subdivided to accommodate up to four tenants. This versatility allows for increased rental income and adaptability to various tenant needs.
- Regulatory Compliance: The property has successfully completed its Re-Certification, ensuring it meets all regulatory standards and requirements. This compliance provides peace of mind to investors, knowing the property is fully certified and up to code.
Don't miss out on this exceptional opportunity to own a high-income producing, well-maintained commercial property in one of Miami's most desirable neighborhoods. Whether you're an experienced investor or new to commercial real estate, this property offers a stable and lucrative investment with significant growth potential.