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Multifamily

West Daniel Portfolio

2940 W Flagler St, Miami, FL 33135

Listing Price: $9,000,000

Cap Rate
4.42%
Number of Units
45
Occupancy
97.0%
Price/Unit
$200,000
Price/Gross SF
$404.19
Gross SF
22,267

Investment Overview

Marcus & Millichap, as exclusive listing broker, is pleased to offer for Sale, West Daniel Portfolio, which is comprised of 45 units in four separate buildings located at 2940 W Flagler Street, 2960 W Flagler Street, 2970 W Flagler Street, and 2976 W Flagler Street in the city of Miami, Florida. The building is in great condition and most of the units are rented to voucher tenants from different programs including Section 8 and Citrus Housing. West Daniel Portfolio has one one-story building and three two-story buildings. The unit mix is comprised of 41 one-bedroom / one-bathroom units and four two-bedroom / one-bathroom units. The property offers off-street parking, central and individual wall air-conditioning units. The residents are within walking distance from public transportation, commercial activity on West Flagler Street and Publix Supermarket on Douglas Road (37th Avenue). In addition, it provides convenient access to major thoroughfares such as Dolphin Expressway and Interstate-95.

Investment Highlights

  • Excellent West Flagler Street Frontage
  • Great Unit Mix of One-Bedroom and Two Bedroom Units
  • Off-Street Parking
  • Walking Distance from SW 27th Avenue and Publix Supermarket
  • Voucher Tenants
  • 40-Year Recertification

Exclusively Listed By

Listing Price: $9,000,000

Cap Rate
4.42%
Number of Units
45
Occupancy
97.0%
Price/Unit
$200,000
Price/Gross SF
$404.19
Gross SF
22,267

Investment Highlights

  • Excellent West Flagler Street Frontage
  • Great Unit Mix of One-Bedroom and Two Bedroom Units
  • Off-Street Parking
  • Walking Distance from SW 27th Avenue and Publix Supermarket
  • Voucher Tenants
  • 40-Year Recertification

Investment Overview

Marcus & Millichap, as exclusive listing broker, is pleased to offer for Sale, West Daniel Portfolio, which is comprised of 45 units in four separate buildings located at 2940 W Flagler Street, 2960 W Flagler Street, 2970 W Flagler Street, and 2976 W Flagler Street in the city of Miami, Florida. The building is in great condition and most of the units are rented to voucher tenants from different programs including Section 8 and Citrus Housing. West Daniel Portfolio has one one-story building and three two-story buildings. The unit mix is comprised of 41 one-bedroom / one-bathroom units and four two-bedroom / one-bathroom units. The property offers off-street parking, central and individual wall air-conditioning units. The residents are within walking distance from public transportation, commercial activity on West Flagler Street and Publix Supermarket on Douglas Road (37th Avenue). In addition, it provides convenient access to major thoroughfares such as Dolphin Expressway and Interstate-95.

Exclusively Listed By

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