Wentworth Apartments, Miami, FL
Wentworth Apartments is a 20-unit, three-story apartment building located Miami, Florida. The property was extensively renovated in 2011/2012 with new floor joists, flooring, new plumbing and sewer lines, updated kitchens, and bathrooms. The electric was updated previously, and the 40/10-year inspections were done in 2015.
The property is situated a few blocks east of the Marlins Park and two blocks north of Flagler Street. It has a Walk Score of 91 which is considered a “Walker’s Paradise and most of the daily errands do not require a car.” Within a 5-mile radius there is a population of over 500,000 people and Little Havana is in the middle of all the major employment centers of Miami-Dade County. The hospital district is just to the north of the property, Miami International Airport is to the west, PortMiami, Downtown Miami, and Brickell are to the east, Coral Gables and Coconut Grove are to the south of the subject.
An investor has the opportunity to increase the rental income with proper management and starting to increase rents to the market rates. A Buyer can also do some cosmetic work to the exterior of the property to improve the curb appeal.
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