529 NW 88TH STREET

Miami, FL 33150

LEASE

Neighborhood

Asset Type

Multi-Family

Deal Type

Sale

Property Status

Closed

December 12, 2024

Price

$ 2,250,000

STEFFANIE JACOBSON
steff@thealphacomm.com
609-226-6390

JAMIE ROSE MANISCALCO
jamie@thealphacomm.com
201-264-0113

Jamie Rose Maniscalco

jamie@thealphacomm.com

201-264-0113

  • Cash-Flowing Value-Add Opportunity: Over 90% occupied with room to increase rents.
  • Nearly Turn-Key with Renovated Interiors: Quaint, convenient, and well-maintained for a hassle-free investment.
  • Expansion Potential: A perfect example of what can be achieved on the adjacent parcel just steps to the west.
  • Traditional Tenant Mix: Annual and month-to-month, ensuring consistent cash flow. Short term rental model could increase cash-flow potential even further.
  • Private, Gated Community: Features private gated access & central courtyard for tenants to BBQ and enjoy the landscaped grounds.

Lot Size: 43,496 SF (1 acre)

Bldg Area: 6,667 SF

Zoning: RU-3B

Unit Count: 12 (5 duplexes & 2 single-family)

Average Occupancy: 92%

Opportunity Zone: Yes

Lot Size: 43,496 SF (1 acre)

Bldg Area: 6,667 SF

Zoning: RU-3B

Unit Count: 12 (5 duplexes & 2 single-family)

Average Occupancy: 92%

Opportunity Zone: Yes