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.
18101 NW 7th Ave, Miami Gardens, FL, 33169
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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