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6803 NW 3rd Ave
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6803 NW 3rd Ave
4 Unit Apartment Building $885,000 ($221,250/Unit) 4.73% Cap Rate Miami, FL 33150
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INVESTMENT HIGHLIGHTS
- Value add potential opportunity, property located in Little Haiti, just off I-95 Highway, with easy access to Upper East Side, Miami Shores
- Rent rates are well below market, with all 2 Bedroom units currently rented between $1,000 and $1,500
- Great unit mix of four (4) units with 2 bedrooms and 1 bathroom unit, averaging 819 +/- sq ft.
- 50% seller financing available
EXECUTIVE SUMMARY
Value add potential opportunity, property located in Little Haiti, just off I-95 Highway, with easy access to Upper East Side, Miami Shores, Buena Vista, Wynwood and Downtown. Conveniently situated just 4 blocks away from I-95 Highway and 5 minutes from NW 79th Street (934). Charming two-story building/product with tremendous add value potential. Great unit mix of four (4) units with 2 bedrooms and 1 bathroom unit, averaging 819 +/- sq ft. Rent rates are well below market, with all 2 Bedroom units currently rented between $1,000 and $1,500. Proximity to Edison Plaza, Little River Retail, and Riley Shopping Center. Edison Plaza is 0.8 miles away, and Little River Retail is within a 22-minutes walk. | *** 50% seller financing available | Call EJ Martinez for more information or appointments: (305) 546-2515 (m).
PROPERTY FACTS
Price | $885,000 | Building Class | C |
Price Per Unit | $221,250 | Lot Size | 0.14 AC |
Sale Type | Investment | Building Size | 3,276 SF |
Cap Rate | 4.73% | Average Occupancy | 100% |
No. Units | 4 | No. Stories | 2 |
Property Type | Multifamily | Year Built | 1926 |
Property Subtype | Apartment | Parking Ratio | 1.83/1,000 SF |
Apartment Style | Low Rise | Opportunity Zone |
Yes
|
Price | $885,000 |
Price Per Unit | $221,250 |
Sale Type | Investment |
Cap Rate | 4.73% |
No. Units | 4 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.14 AC |
Building Size | 3,276 SF |
Average Occupancy | 100% |
No. Stories | 2 |
Year Built | 1926 |
Parking Ratio | 1.83/1,000 SF |
Opportunity Zone |
Yes |
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
2+1 | 4 | - | - |
PROPERTY TAXES
Parcel Number | 01-3113-023-1100 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $197,378 |
PROPERTY TAXES
Parcel Number
01-3113-023-1100
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$197,378
ZONING
Zoning Code | T3-O (Open or Duplex) |
T3-O (Open or Duplex) |
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6803 NW 3rd Ave
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