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Posted: Monday, November 27, 2017 8:18 AM

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The building is two stories with 6,601 sf. ft. and is situated on 7,499 sq. ft. of land. The units were updated, but rents are low: $600 for a 1 bedroom and $800 to $900 for a 2 bedroom unit. The tax records shows 15 units, but when the current owner purchased the property, it was operating as 12 units—and there are 12 electric meters. The seller states that within 30 days he will have the re-certification from the city for the use as 12 units. 
The locale where the property is located is generating significant investor excitement, which has spurred new real estate development. The area is being redeveloped and it is proposed that David Beckham plans to build a $150 million, 25,000 seat soccer stadium on a 9 acre site nearby. Also, the Miami World Center, a $1.7 Billion, mixed-use development is anticipating a 2018 end-year completion date. For additional information contact Mario Fresh at 305-608-5190 or Tina Chong at 954-682-2635.

• Location: Miami

• Post ID: 67908672 miami
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