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1542 NW 35th St 4 Unit Apartment Building $1,175,000 ($293,750/Unit) 7.90% Cap Rate Miami, FL 33142
Investment Highlights
- Secured tenants in place
- Easy access to I-195
- Central location minutes from Miami Design District, Wynwood, Downtown Miami and more
Executive Summary
Investment opportunity located within an Opportunity Zone • Secured tenants in place • Central location minutes from Miami Design District, Wynwood, Downtown Miami and more • Flexible zoning • Easy access to I-195 (approx. 147,500 daily commuters) and I-95 (approx. 100,500 daily commuters) • 4 Units 1542: many updates including fencing, painting, driveway sealing and stripping 2026. Property has been updated in units 1,2,3 (2016). Unit 4 has moderate updates. All central air, professionally well maintained. 1)$1,995 one year lease expires December 2026. 2) available for FHA home buyer can be delivered with a tenant for investor at $1,995. 3) $1,893 lease expires May of this year. 4) $1,850 month-month nearly 10 year long as a tenant. All tenants our current on rent, no missed payments.
Property Facts
| Price | $1,175,000 | Apartment Style | Low-Rise |
| Price Per Unit | $293,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 7.90% | Building Size | 2,748 SF |
| Sale Condition | Bulk/Portfolio Sale | Average Occupancy | 75% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1980/2015 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | T5-L - Flexible zoning | ||
| Price | $1,175,000 |
| Price Per Unit | $293,750 |
| Sale Type | Investment |
| Cap Rate | 7.90% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 2,748 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built/Renovated | 1980/2015 |
| Opportunity Zone |
Yes |
| Zoning | T5-L - Flexible zoning |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
1 1
Walk Score®
Very Walkable (86)
Property Taxes
| Parcel Number | 01-3126-038-0270 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $531,465 |
Property Taxes
Parcel Number
01-3126-038-0270
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$531,465
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Presented by
Onyx Realty Properties
1542 NW 35th St
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