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Browse More Listings in Multifamily For Sale, Miami Shores, FL or Florida

Multifamily Property For Sale

Verona Apartments

9050 NE 8th Avenue, Miami Shores, FL 33138

Price:
$1,050,000
No. Units:
18
Building Size:
9,797 SF
Price/Unit:
$58,333.33
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
7.50%
Gross Rent Multiplier:
7.29
Occupancy:
95%
Lot Size:
0.73 AC
Find Out More...

Last Verified 11/24/2009 Listing ID 16044096

Description

PRICE REDUCED. Verona is an 18-unit apartment complex located in a quiet residentail neighvorhood east of US1 in Miami Shores. The property is in exceptional condition, virtually turn-key, and easy to manage, many of the tenants long-term retirees. Great property for the right investor.

Miami Shores is a mid-upper middle class burg just north of the city of Miami. It ranges from high-end water front home on Biscayne Bay to modest 2/3 bedroom homes. Apartment buildings, especially east of US1, rarely trade, and will be a great investment to secure wealth and growth.

Financial Summary

Actual
Net Operating Income
$79,500

Map of 9050 NE 8th Avenue, Miami Shores, FL 33138 (Miami-Dade County)

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Created 1/5/2009

Additional Information for 9050 Ne 8th Avenue, Miami Shores, FL 33138

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - Verona Apartments

9050 NE 8th Avenue, Miami Shores, FL, 33138