Multifamily Property in the Miami Design District

This Miami Multifamily Property below is Off-Market currently.
Contact O’Reilly Commercial Realty LLC for similar Commercial Properties For Sale in Florida.

O’Reilly Commercial Realty LLC
Patrick O’Reilly
Phone: (352) 237-2222
Email: OreillyCommercialRE@gmail.com

South Florida Apartments For Sale

 

177 NE 50 ST, Miami, FL 33137 – Commercial Property Listing

Buena Vista Manor – Miami Apartments For Sale
Price $4,200,000
No. Units 23
Property Use Type – Investment
Property Sub-type – Garden – Low-Rise Building
Building Size 12,423 SF
Cap Rate 4.97%
Price per Unit $182,608.70
Occupancy 100%
Property Type Multifamily Investment
Lot Size 13,180 SF

Description of Multi-Family Apartment Building Investment

Buena Vista Manor is a twenty three-unit apartment building located at 177 NE 50th Street in the city
of Miami, which is in Dade County, Florida. The property’ s unit mix is comprised of twenty three studios.
Utilities such as water, sewer and trash removal are included in the rent. The property was constructed in
1926 and it was completely rehabbed in 2013. Sale For an additional $350,0000 there is 6,380 SF lot located at 160 NE 50 Terrace which can be purchased seperately that could be used as parking for tenants of 177 NE 50 Street.

This Multi-family Building is located in the MIAMI DESIGN DISTRICT* neighborhood, just off of NE 2nd Avenue. The Commercial property is within a one mile radius of four high schools, three middle schools, six elementary schools, five bus stops, and is close to two gas stations, two grocery stores, and over 20 restaurants. This is an area which is growing, a great place for a REIT to buy Commercial Properties.

*MIAMI DESIGN DISTRICT is a trademark of Design Trademark Holdings LLC

Unit Mix Information for Investment Property

Description No. Units Avg. Mo. Rent
Studios 23 $1,050

 

Financial Summary for Miami Apartment Building (Actual)

Net Operating Income $208,740

177 NE 50 Street, Miami, Florida 33137 (Miami – Dade County)

Listing information courtesy of Marcus & Millichap. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, solely to identify potential properties for potential purchase.

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