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960 S Le Jeune Rd
Miami, FL 33134

Vegas Apartments · Multifamily Property For Sale · 30 Units

PROPERTY FACTS

No. Units 30
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Building Class C
Lot Size 0.48 AC
Building Size 25,710 SF
Average Occupancy 100%
No. Stories 4
Year Built 1969
Parking Ratio 1.17/1,000 SF

Unit Amenities

  • Air Conditioning
  • Kitchen

Site Amenities

  • Controlled Access
  • Fenced Lot
  • Laundry Facilities
  • Pool
  • Property Manager on Site
  • Gated
  • Zen Garden

About 960 S Le Jeune Rd , Miami, FL 33134

The Keyes Company is proud to exclusively market Vega's Apartments, a 30 unit apartment community located at 960 South LeJeune Road in Miami, Florida. This multi-family asset offers substantial “value-add” upside by exercising the opportunity to raise rents and bringing them to current market rates as renewals take place. With a strong local rental market and a vacancy rate is virtually 0%, upward leasing rates can be expected to continue well into the future. Vega's Apartments provide an investor a unique opportunity to acquire a well maintained property with the opportunity to increase income and value over time with improvements and operational efficiencies. There is strong demand in the Class C rental market- due to a short supply of affordable rental properties. A new owner to benefit from near term rent growth as multifamily fundamentals continue to strengthen in the Miami Region with. Gross income is based on projected market rent, taxes and reserve for repairs. This property is located on the hard corner of SW 9th Street and LeJeune Road. FINAL CALL FOR OFFERS DEADLINE IS FRIDAY, MAY 31, 2019. PLEASE SEND HIGHEST AND BEST OFFERS TO CARLOSVILLANUEVA@KEYES.COM AND CARMENSIMAN@KEYES.COM

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 3 $950.00 400
1+1 18 $1,200 572
2+1 9 $1,400 762

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
30-4108-013-0020
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,871,460

zoning

Zoning Code RU-4
RU-4
  • Listing ID: 15988664

  • Date on Market: 5/8/2019

  • Last Updated:

  • Address: 960 S Le Jeune Rd, Miami, FL 33134

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