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Multifamily

Flats on Seventh Avenue Apartments

4740 NW 7th Ave, Miami, FL 33127

Listing Price: $910,000

Cap Rate
5.53%
Number of Units
7
Occupancy
95.0%
Price/Unit
$130,000
Price/Gross SF
$478.95
Gross SF
1,900

Investment Overview

Marcus & Millichap, as exclusive listing agent, is pleased to offer for sale Flats on Seventh Avenue (“The Property”), a seven-unit apartment building located at 4740 NW 7th Avenue in Miami which is in Miami-Dade County. Flats on Seventh Avenue Apartments was built in 1951 and has a unit mix comprised of five studios, one one-bedroom, one-bathroom apartment and one two-bedroom, one-bathroom apartment units. Residents are only responsible for electric. Utilities such as trash removal and water are the responsibility of the landlord. The lot is 0.21 acres and is zoned T4-R according to Miami21 Zoning. The Property is located in the Model City area which is an up and coming neighborhood. The close proximity to the Miami Design District, Wynwood and Little River has made this area a desirable location for investors to find new opportunities. In addition, the property is a very short distance from major employers such as Jackson Memorial Hospital, North Shore Medical Center Miami PortMiami and The Miami International Airport. Moreover, there is easy access to major traffic arteries such as Interstate-95, The Dolphin Expressway and the Miami Airport Expressway. All these variables combined create a centrally located place to live with high demand for rentals. This is a great opportunity for an investor to acquire a well stabilized property with stable income and possible asset appreciation in the near future.

Investment Highlights

  • Close Proximity to Wynwood, Little River and the Miami Design District
  • Walking Distance to Public Transportation
  • Easy Access to Major Traffic Arteries such as Interstate-95 and the Miami Airport Expressway
  • Well Stabilized Asset
  • Up and Coming Neighborhood
  • Historically 100% Occupied

Exclusively Listed By

Financing By

Multifamily

Flats on Seventh Avenue Apartments

Listing Price: $910,000

Cap Rate
5.53%
Number of Units
7
Occupancy
95.0%
Price/Unit
$130,000
Price/Gross SF
$478.95
Gross SF
1,900

Investment Highlights

  • Close Proximity to Wynwood, Little River and the Miami Design District
  • Walking Distance to Public Transportation
  • Easy Access to Major Traffic Arteries such as Interstate-95 and the Miami Airport Expressway
  • Well Stabilized Asset
  • Up and Coming Neighborhood
  • Historically 100% Occupied

Investment Overview

Marcus & Millichap, as exclusive listing agent, is pleased to offer for sale Flats on Seventh Avenue (“The Property”), a seven-unit apartment building located at 4740 NW 7th Avenue in Miami which is in Miami-Dade County. Flats on Seventh Avenue Apartments was built in 1951 and has a unit mix comprised of five studios, one one-bedroom, one-bathroom apartment and one two-bedroom, one-bathroom apartment units. Residents are only responsible for electric. Utilities such as trash removal and water are the responsibility of the landlord. The lot is 0.21 acres and is zoned T4-R according to Miami21 Zoning. The Property is located in the Model City area which is an up and coming neighborhood. The close proximity to the Miami Design District, Wynwood and Little River has made this area a desirable location for investors to find new opportunities. In addition, the property is a very short distance from major employers such as Jackson Memorial Hospital, North Shore Medical Center Miami PortMiami and The Miami International Airport. Moreover, there is easy access to major traffic arteries such as Interstate-95, The Dolphin Expressway and the Miami Airport Expressway. All these variables combined create a centrally located place to live with high demand for rentals. This is a great opportunity for an investor to acquire a well stabilized property with stable income and possible asset appreciation in the near future.

Exclusively Listed By

Financing By

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