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Well-maintained three-story apartment building offering 18 income-producing units in a strong rental corridor near Biscayne Blvd, major retail, and public transit. The property consists of 12 spacious 2BD/1BA units and 6 1BD/1BA units, with significant upside in rents as current rates trail area averages.
Property features include gated entry, a central courtyard with pool, and an on-site laundry room equipped with 2 washers and 2 dryers for additional income. Exterior walkways and two stair towers provide efficient access to all units. Stable tenant base and straightforward management make this an attractive opportunity for both new and seasoned investors.
Strong value-add potential through interior upgrades, rent stabilization, and repositioning. Located minutes from Miami Shores, FIU Biscayne Bay Campus, and major employment centers.
Features
Age: Over 50 Years Old
Architecture Style: Other
Building Units: 18
Cooling System: Window Unit(s)
Cooling System: Multi Units
Exterior Type: Block
Floor Covering: Laminate
Floor Covering: Tile
Floor Covering: Carpet
Floor Covering: Tile - Ceramic
Legal Description: 32 52 42 .44 AC W137FT OF S165FT OF NE1/4 LESS N25FT FOR STREET LOT SIZE 19180 SQUARE FEET OR 18406-1972 1298 1 COC 25360-2467 01 2007 1