1818 NW 17th Ave
- Miami, FL 33125
- $1,599,000
- 0 Bed(s)
- 0 Baths
- 5,043 Sqft.
This 6-unit apartment building features 2 units with 2 bedrooms and 1 bathroom each, and 4 units with 1 bedroom and 1 bathroom each. Currently, 4 units are occupied, generating a monthly income of 3,650. The rents are significantly below market rates and can conservatively be raised to 1,800 for the 1-bedroom units and 2,000 for the 2-bedroom units, bringing in over 11,200 per month. The projected yearly income is approximately 134,400. The property includes separate electric meters, two balconies, 8 private parking spaces, and has undergone a 4050 year recertification in 2023. Located just minutes from downtown Miami, this building represents an excellent investment in a dynamic area with strong rental demand and a growing population, ensuring long-term appreciation.
The multiple listing information is provided by the Miami and Orlando® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Miami and Orlando®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: InteRealty Properties, LLC
Real Estate IDX Powered by: TREMGROUP
The multiple listing information is provided by the Miami and Orlando® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Miami and Orlando®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: InteRealty Properties, LLC
Real Estate IDX Powered by: TREMGROUP
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