Apartments

2012 SW 24th Street

2012 SW 24th St

Miami

, FL

 

6250000

24

# of Units

4.88%

Cap Rate

$381.84

Price Per Sq. Ft.

$260,417

Price per Unit

2012 SW 24th Street

Investment Overview

2012 SW 24th Street is a totally renovated building located in a very desirable Shenandoah neighborhood next door to Silver Bluff Park. The property offers an investor the opportunity to acquire a completely updated building with the opportunity to add value by increasing the rental income to market levels. The current rents are about $650 below market rents for similar buildings. The building is a 24-unit, three-story residential building with all two-bedroom & one-bathroom units with about 682 SF. The property has impact windows, central air-conditioning & heat, updated electric, lighting, signage, interiors, fire sprinklers etc. The building has a T3-R zoning and is situated on a .18 acre lot. The tenants are responsible for electric and the owner pays for water, sewer and trash removal.

Investment HIGHLIGHTS

  • Well located Shenandoah Submarket
  • Close to Coconut Grove
  • Completely renovated building
  • Updated Electric
  • Impact windows
  • Central air-conditioning & heat

Listed By

Lead Agent

Felipe J. Echarte

Senior Managing Director Investments

felipe.echarte@marcusmillichap.com
Phone: (954) 245-3444
License: FL: SL696115

Evan P. Kristol

Executive Managing Director Investments

evan.kristol@marcusmillichap.com
Phone: (954) 245-3459
License: FL: SL640466

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Contact Us

The Kristol Group

5900 North Andrews Avenue
Suite 100
Fort Lauderdale, FL 33309
954-245-3400
info@kristolgroup.com