Multifamily

Allapattah Apartments

1716 NW 19th St, Miami, FL 33125

Listing Price: $1,300,000

Cap Rate
4.96%
Number of Units
10
GRM
11.44
Occupancy
95.00%
Price/Unit
$130,000
Price/Gross SF
$312.95
Gross SF
4,154

Investment Overview

Marcus & Millichap, as exclusive listing agent, is pleased to offer for sale Allapattah Apartments, a 10-unit building located at 1716 NW 19th Street in Miami, FL. Allapattah Apartments is a two-story building constructed of concrete block with a flat roof. The property is 100 percent one-bedroom / one-bathroom units. The units have terrazzo floors and wall air-conditioning units. There is a laundry facility and off-street parking spaces. Utilities such as water, sewer and trash removal are included in the monthly rent.

Allapattah Apartments is situated within walking distance from the Civic Center/Health District which is the second largest concentration of medical and research facilities in the United States. The Health District is home to major employment drivers such as Jackson Memorial Hospital, University of Miami Hospital, Veterans Administration Hospital, Dade County Court House and Miami Dade State Attorneys Office among others. In addition, there is public transportation in the immediate area that includes the Metrobus and Miami Metrorial at Civic Center Station and Santa Clara Station. The Metrorail connects directly to all the major hospitals and research centers and connects the district to downtown Miami, Dadeland and Hialeah, as well as to Miamis commuter rail system. In addition, The Property is within the Allapattah neighborhood which has experienced explosive growth in the last four years. New restaurants, art galleries, super markets and apartment communities are among the most notable projects in the area.

Allapattah Apartments is an excellent opportunity for an investor looking to add value through increasing rents and asset appreciation through the gentrification of the neighborhood. The property is being delivered free and clear.

Investment Highlights

  • Upside in Rental Income
  • Off-Street Parking
  • Concrete Block Construction
  • Easy to Manage Property
  • Historically 100 percent Occupied

Exclusively Listed By

Multifamily

Allapattah Apartments

Listing Price: $1,300,000

Cap Rate
4.96%
Number of Units
10
GRM
11.44
Occupancy
95.00%
Price/Unit
$130,000
Price/Gross SF
$312.95
Gross SF
4,154

Investment Highlights

  • Upside in Rental Income
  • Off-Street Parking
  • Concrete Block Construction
  • Easy to Manage Property
  • Historically 100 percent Occupied

Investment Overview

Marcus & Millichap, as exclusive listing agent, is pleased to offer for sale Allapattah Apartments, a 10-unit building located at 1716 NW 19th Street in Miami, FL. Allapattah Apartments is a two-story building constructed of concrete block with a flat roof. The property is 100 percent one-bedroom / one-bathroom units. The units have terrazzo floors and wall air-conditioning units. There is a laundry facility and off-street parking spaces. Utilities such as water, sewer and trash removal are included in the monthly rent.

Allapattah Apartments is situated within walking distance from the Civic Center/Health District which is the second largest concentration of medical and research facilities in the United States. The Health District is home to major employment drivers such as Jackson Memorial Hospital, University of Miami Hospital, Veterans Administration Hospital, Dade County Court House and Miami Dade State Attorneys Office among others. In addition, there is public transportation in the immediate area that includes the Metrobus and Miami Metrorial at Civic Center Station and Santa Clara Station. The Metrorail connects directly to all the major hospitals and research centers and connects the district to downtown Miami, Dadeland and Hialeah, as well as to Miamis commuter rail system. In addition, The Property is within the Allapattah neighborhood which has experienced explosive growth in the last four years. New restaurants, art galleries, super markets and apartment communities are among the most notable projects in the area.

Allapattah Apartments is an excellent opportunity for an investor looking to add value through increasing rents and asset appreciation through the gentrification of the neighborhood. The property is being delivered free and clear.

Exclusively Listed By

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