is a two-story, 16-unit residential building that offers a great opportunity to invest in the booming Miami real estate market. Each of the units consists of 1–bedroom and 1–bathroom and features individual air conditioning units, ensuring maximum comfort for tenants. Furthermore, individual meters have been installed, so that tenants are responsible for their electricity bills, while the landlord takes care of the water and trash expenses.
The property is currently fully occupied, with all 16 units rented out at a slightly lower-than-market rate of $950 per unit. This presents an exceptional chance for investors to increase the rental rate to at least $1,150 per unit, thereby maximizing their profits. Moreover, the property has also recently undergone renovations, such as the installation of a new roof, and is in the process of installing new rails and upstairs replacements. In addition to these improvements, the 40-year inspection is nearing completion, which will certify the property’s compliance with local regulations and ensure its safety and longevity.
Given its full occupancy, potential for increased rental rates, recent renovations, and the upcoming completion of the 40-year inspection, this two-story, 16-unit residential building located in the heart of Miami is a prime opportunity for investors to capitalize on the city’s thriving real estate market. Don’t miss your chance to join this lucrative investment venture – seize this opportunity today and start reaping the rewards! Miami Investment Property for Sale