Description

This rare Miami multifamily investment features an 11-unit apartment building offering stable cash flow, strong occupancy, and notable upside potential in a high-demand rental market. The property includes a diverse unit mix of seven studios, three one-bedroom/one-bath units, and one two-bedroom/one-bath unit, providing flexibility for rental strategies and opportunities to increase returns through upgrades and rent adjustments. Amenities include on-site coin laundry for additional income, a recently replaced roof that minimizes near-term maintenance costs, and well-maintained interiors and common areas that support tenant retention. With a current cap rate of 7.5% and approximately 26% rental upside, the asset presents both immediate income and long-term growth potential. Investors can further enhance value by renovating units, improving management and marketing, and capitalizing on Miami’s strong rental demand, making this a compelling value-add opportunity with multiple avenues for increased returns.