9001-9143 SW 77th Avenue, Miami, FL 33156

$4,500,000

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List Price
$4,500,000
Days on Market
126
MLS#
A11962959
Foreclosure
Yes
Year Built
1971
MLS Area Major
2500

Property Description

FIRE SALE! Price improved for this rare opportunity to acquire a 22-unit condo portfolio located within two well-located condo buildings in the heart of Dadeland (Miami 33156): 9143 SW 77th Ave and 9001 SW 77th Ave. Portfolio includes 7 three-bedroom units, 6 two-bedroom units, and 9 one-bedroom units, offering diversified unit mix and strong rental demand. Prime location near Dadeland Mall, US-1, Palmetto Expressway, Metrorail, Baptist Hospital, and major retail/employment centers. Exceptional 7%+ CAP rate based on current operations. Ideal for investors and or 1031 exchange buyers seeking stabilized cash flow in a high-demand rental submarket. Potential rental upside subject to condo rules. Do not disturb tenants. Showings by appointment only. Aggressively priced at $200K per unit.

Additional Information

Hoa Fee
$581
Utilities
Cable Available
Heating
Central, Separate Meters
Air Conditioning
Central Air
Exterior Construction
Block
Roof
Other
Elementary School
Kenwood K-8
High School
Miami Killian

Listing courtesy of DMG Realty.

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Calculator source: Real Geeks