Description
A rare opportunity to acquire a well-positioned, income-producing multifamily asset in a high-demand submarket. this 72- unit garden-style apartment complex spans approximately 66,975 rentable square feet across a 1.84-acre lot, zoned r-3 for multifamily residential use. constructed in 1972, the property consists of a mix of one-, two-, and three-bedroom units with significant in-place cash flow and demonstrated rental upside.
strategically situated near major economic drivers—including the amazon mega warehouse—the current rent roll generates $133,838 in monthly income, with pro format market rents reaching $152,518, and potential section 8-supported rents as high as $159,446 per month.
Property Type
ResidentialIncomeSubdivision
Nile GardensCounty
Miami-DadeStyle
FourplexAD ID
50205131
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Property Details
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Interior Features
Interior Features
- Roof: Concrete
Roofing Information
- Concrete
Flooring Information
- Other
Heating & Cooling
- Heating: Central
- Cooling: CentralAir
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Exterior Features
Building Information
- Year Built: 1972
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Property / Lot Details
Lot Information
- Lot Description: OneToTwoAcres
Property Information
- Subdivision: REV PLAT NILE GARDENS SEC
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Listing Information
Listing Price Information
- Original List Price: $15200000
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Taxes / Assessments
Tax Information
- Annual Tax: $204682
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Parking Information
- Garage: 124
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School, Utilities & Location Details
Utility Information
- CableAvailable
Location Information
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BuyOwner last updated this listing 06/21/2025 @ 05:59
- MLS: A11824351
- LISTING PROVIDED COURTESY OF: Arthur Porosoff, Compass Florida, LLC.
- SOURCE: SEFMIAMI
is a Home, with bedrooms which is for sale, it has 66,278 sqft, 66,278 sized lot, and 0 parking. are nearby neighborhoods.