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$ 7,399,999
Est. payment /mo
Active
18101 NW 7th Ave Miami Gardens, FL 33169
23,635 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 23,635 sqft
Price per Sqft $313
MLS Listing ID A11980572
HOA Y/N No
Year Built 1968
Lot Size 1.080 Acres
Property Sub-Type Multi Family
Property Description
Prime multifamily investment opportunity in Miami Gardens. This 32-unit property sits on just over one acre and features a strong unit mix of 23 two-bedroom, one-bath units and 9 one-bedroom, one-bath units. The property is currently 100% occupied and producing approximately $462,000 in net operating income, offering investors immediate cash flow with additional upside through future rent growth.
The property benefits from over 50 on-site parking spaces and a roof installed in 2016. Many of the rents are below current market levels, providing a clear value-add opportunity for the next owner through strategic rent increases and operational improvements.
Located along NW 7th Avenue, the property offers strong visibility and convenient access to major roadways, retail, and employment centers throughout Miami Gardens and the surrounding areas.
This asset is well suited for investors seeking a stabilized multifamily property with long-term appreciation potential in a growing Miami-Dade submarket.
The property benefits from over 50 on-site parking spaces and a roof installed in 2016. Many of the rents are below current market levels, providing a clear value-add opportunity for the next owner through strategic rent increases and operational improvements.
Located along NW 7th Avenue, the property offers strong visibility and convenient access to major roadways, retail, and employment centers throughout Miami Gardens and the surrounding areas.
This asset is well suited for investors seeking a stabilized multifamily property with long-term appreciation potential in a growing Miami-Dade submarket.
Location
State FL
County Miami-dade
Area 21
Interior
Heating Central, Electric, Window Unit, Wall Furnace
Cooling Central Air
Exterior
Private Pool Yes
Building
Water Public
Others
Tax ID 34-21-12-003-0370
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11980572
Listed by Trustpoint Realty, LLC.
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