Contact Us
How Can We Help You?

Please, leave us your message.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

$2,844,000

For Sale

$2,844,000

676 Palazzo

Description

676 Palazzo

18 Units | Miami, Florida

$2,844,000

Cash Flow in MIami is pleased to offer for sale 676 Palazzo, an 18-unit apartment complex located in Miami, Florida. The complex underwent extensive interior and exterior renovations in the last six months including windows, kitchen cabinets, new flooring, appliances, plumbing, was recently tented and has a one-year old roof. Since the completion of the renovation, the units have been fully leased with minimal turnover. The property is located within the east Little Havana quadrant which is define by The Miami river to the north, Southwest 8th Street (Calle Ocho) to the South, Southwest 17th Avenue to the west and Southwest 4th Avenue to the east.

676 Palazzo consist of one, three-story building situated on a 0.10-acre lot, zoned T4-R. The units have individual folio’s and are approximately 437 square feet. The property offers a laundry facility, ample hallways, gated entrance, and street parking. The residents are within walking distance from public transportation, commercial stores on Flagler Street, Ada Merritt K-8 School, Jose Marti Park, Riverside Park, Publix Supermarket and FIRST Little Havana – a 196 market-rate apartments complex which is expected to be completed at the end of 2021.

Investment Highlights:

  • Assumable Loan with Attractive Rate
  • All One-bedroom / One-bathroom Units
  • Excellent East Little Havana Location
  • Walking Distance from Downtown Miami and Brickell
  • Impact Windows and Renovated Units
  • Recently Tented
  • New Roof

Summary:

  • List Price: $2,844,000
  • Units: 18
  • Lot Size: 0.11 Acres
  • Rentable Sq SF: 7,710
  • Cap Rate: 5.10%
  • Price/Unit: $158,000
  • Price/SF: $368.87
  • Year Built: 1933

Looking for more information? Contact Andrey today!

SOLD
For Sell

Get More Info About This Listing

Want to get this deal before it disappears? Enter your information and get a call back from Andrey

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Other Properties

SOLD
For Sell
SOLD
For Sell
SOLD
For Sell
No Properties found.
No Properties found.
No Properties found.