Description
Turnkey investmentideal for hands-off investors or an owner-occupant looking to live in one unit and rent the rest. Newly built and fully occupied 12-unit multifamily in Little Havana, grossing nearly $300K annually. Low insurance premiums due to new construction. Special zoning program to increase densities; 3 units must be rented to Section 8 tenants, with no rent caps. Unit mix: 4 two-bedrooms, 3 one-bedrooms, 5 studios. Prime location near Brickell, Downtown, Coral Gables, and the Civic Center. Rapidly transitioning area with rising rents and strong tenant demand.
School Ratings & Info
Description
Turnkey investmentideal for hands-off investors or an owner-occupant looking to live in one unit and rent the rest. Newly built and fully occupied 12-unit multifamily in Little Havana, grossing nearly $300K annually. Low insurance premiums due to new construction. Special zoning program to increase densities; 3 units must be rented to Section 8 tenants, with no rent caps. Unit mix: 4 two-bedrooms, 3 one-bedrooms, 5 studios. Prime location near Brickell, Downtown, Coral Gables, and the Civic Center. Rapidly transitioning area with rising rents and strong tenant demand.
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