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$1,950,000

For Sale

$1,950,000

1261 NW 59th St, Miami, FL 33142

Description

LIBERTY LOFTS

1261 NW 59th St, Miami, FL 33142

Asking Price: $1,950,000

18 Units | Multifamily Property | Liberty City

Details:

  • PRICE PER SF: $183.68
  • PRICE PER UNIT: $94,444
  • NUMBER OF UNITS: 18
  • NUMBER OF FLOORS: 3
  • YEAR BUILT: 1957
  • LOT SIZE :0.24 Acres
  • BUILDING SIZE: 9,255 SF
  • MARKET: MIAMI


INVESTMENT HIGHLIGHTS:


True Value Add Apartment Complex With Over 40% Potential Upside In Rent Through Capital Improvements, Property Currently 70% Occupied

Attractive Unit Mix Featuring (12) One Bedroom One Bath & (6) Two Bedroom 1 Bath Units Averaging $797 In Rent Per Month

Through Complete Rehab of Each Unit And Exterior, New Investor Can Increase The Average Rent To $1,167

Extremely Competitive Bridge Debt Lined Up Through Franklin Street Capital To Assist With The Acquisition And Rehab Budget

Property Is Situated With Easy Access To NW 54th Street, I-95, I-195, And Is Just Minutes Away From Wynwood & Downtown Miami

SOLD
For Sale

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