Koniver Stern Group
For Sale
2 Allapattah Sites For Sale
Agent: Larry Soroka
Company: Koniver Stern Group
State: FL
Price: $2,200,000.00
Cash Flowing MultiFamily Bldg
Agent: Jordan Gimelstein
Company: Koniver Stern Group
State: FL
Price: $2,650,000.00
Cash Flowing MultiFamily Bldg
Type: For Sale
575 NE 82 St
Miami, FL 33138
Price: $2,650,000.00
Agent Info
Jordan Gimelstein
Properties: 1
Contact: 3055326100
ext 228
Details
- The property has stable cash flow, below market rents, with multiple value add strategies. The building already features hurricane impact windows, central air conditioning in all units, laundry facilities and 8 surface parking spaces in front of the building.
- Sale Price - $2,650,000
- No. Units - 16
- Price / SF - $265.00
- Price / Unit - $165,000
- Cap Rate in place - 5.1%
- Current NOI - $134,772
- Cap Rate Pro Forma - 7.2%
- Pro Forma NOI - $203,472
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions, imposed by our principals.