Commercial property in Miami, Florida 176.24 sq.m. № 2080953

Property description

A rare opportunity to own a hassle-free, income-producing multifamily property that is already doing exactly what investors want, cash flowing from day one with $6,450 in current monthly income. Fully remodeled throughout, this turnkey asset removes the usual headaches of ownership. Updated kitchens, modern finishes, new flooring, impact windows and doors, and a new roof allow for immediate income without the need for renovations or capital improvements. Simply step into ownership and collect. The property offers a strong in-place cap rate of approximately 5.9%, with a low expense profile and minimal ongoing maintenance. Two of the units include in-unit washer and dryer, adding convenience and tenant appeal, while ample on-site parking enhances functionality and long-term desirability. Centrally located near Miami Dade College and Little Havana, the property benefits from consistent rental demand, accessibility, and long-term growth potential, all at an attractive price point under $1M. An ideal investment for those seeking stability, simplicity, and immediate returns in one of Miami’s most dynamic rental markets.