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Asking Price$1,100,000

  • Lot size 7000sqft
  • Taxes $8,117
  • Days on market:

    13 day(s)
  • Original Price:

    $1,100,000
  • Tax Legal Description:

    3 54 41 PORTLAND PLACE PB 11-48 LOT 18 BLK 2 LOT SIZE 50.000 X 140 OR 20780-2572 10 2002 1
  • Tax Year:

    2021
  • Property Type:

    Land
  • Lot Features:

    Other Location Less Than 1 Acre

Description

$1,100,000

Fausto commercial is pleased to present 441 nw 25th avenue, miami fl, a 4-unit apartment community located in little havana. the p4 two-bedroom/one-bathroom units totaling 3,400 rentable sqft. built in 1925 and fully remodeled in 2020. siituated on 7,000 sqft. of land. the property is being offered for sale at $1.1m representing a 4.33% cap rate based on current in-place income and 5.17% based on proforma income after increasing rents to market average. this property is in a location that is experiencing massive growth combined with stable tenants that will not only benefit the immediate community but also the city in general. adjacent to east little havana and coral gables, the location is in close proximity to brickell/downtown and centric to all the region’s major employment centers.
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