Single Family Residence for sale in HORNERS ADDN
Details
Description
TURNKEY MULTIFAMILY IN LITTLE HAVANA – 6.58% CAP RATE! a premium income asset features 2 detached buildings with a uniform mix of six fully renovated 2BR/1BA units. Operating with a lean 31.83% expense ratio, the property yields a strong $115,144.50 NOI at a $1,750,000 purchase price. Over $200k in recent capital upgrades eliminates near-term CapEx: full interior renovations (2022), new permitted roofs (2024), new exterior stucco/paint (2024), roof-mounted mini-split HVACs (2024), plumbing updates, and independent full electrical upgrades including new main service entries and meter boxes (2025/2026). BUYER PEACE OF MIND: City of Miami 40 & 50-year structural recertifications are fully approved and finalized. Unmatched location stability blocks from Brickell, Downtown, and the Health District. Perfect for 1031 exchange or private portfolio growth. Move immediately into optimized, stable cash flow from day one
Features
Property Features
- Cooling: Central Air
- Heating: Central
- Flooring: Vinyl
- Architectural Style: Detached,Two Story,Other
- Roof: Composition Roll
- Livingroom Features: Other
- Exterior Features: Open Balcony
Additional Features
- Exterior Features: None,Open Balcony
- View: None
- Parking: None
- Lot: Less Than 1/4 Acre Lot
- Interior Features: First Floor Entry,Second Floor Entry,Other
Fees, Maintenance & Taxes
- Tax Annual Amount: $0
School Information
- County: Miami-Dade County