Description
Triplex located in West Little River, near downtown Miami. Excellent opportunity for investors. This handyman special has a unique layout and substantial potential. Currently registered as a duplex on tax records with an added structure, it needs a discerning investor to legalize it as a triplex (three electric meters). The property's prime location offers proximity to beaches, entertainment, places of worship, and benefits from a robust rental market. Schedule an appointment to view the property's interior. After rehab value is ~$800K with potential of $7K a month in rental income, requires $150-200K rehab, giving you a NET CAP Rate of 12.6%.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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2,171SQFT
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$138$/SQFT
School Ratings & Info
Description
Triplex located in West Little River, near downtown Miami. Excellent opportunity for investors. This handyman special has a unique layout and substantial potential. Currently registered as a duplex on tax records with an added structure, it needs a discerning investor to legalize it as a triplex (three electric meters). The property's prime location offers proximity to beaches, entertainment, places of worship, and benefits from a robust rental market. Schedule an appointment to view the property's interior. After rehab value is ~$800K with potential of $7K a month in rental income, requires $150-200K rehab, giving you a NET CAP Rate of 12.6%.
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