Commercial property in Miami, Florida 201.69 sq.m. № 1968859

Property description

Triplex located in West Little River, near downtown Miami. Excellent opportunity for investors. This handyman special has a unique layout and substantial potential. Currently registered as a duplex on tax records with an added structure, it needs a discerning investor to legalize it as a triplex (three electric meters). The property's prime location offers proximity to beaches, entertainment, places of worship, and benefits from a robust rental market. Schedule an appointment to view the property's interior. After rehab value is ~$800K with potential of $7K a month in rental income, requires $150-200K rehab, giving you a NET CAP Rate of 12.6%.