For Sale
$748,000

947 122Nd AveMiami, FL 33184

Three-unit building, prime Miami location.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a three-unit apartment building located at 947 SW 122nd Ave #947 in Miami, Florida, 33184. Built in 1983, this property boasts a total of 2080 square feet, strategically situated within the Minorca Plaza shopping condominium complex. The building's prime location offers convenient access to major transportation arteries, including a five-minute proximity to the Turnpike entrance and Florida International University (FIU). The property comprises three contiguous units on the second floor, each with its own lease. Two units measure 640 square feet each, while the third unit offers a more spacious 800 square feet. All leases are set to expire by December 31, 2024, presenting a significant opportunity for the new owner to reposition rents. The asking price is $748,000, translating to an attractive price per square foot of $360. This is a cash-only purchase, and all three units must be acquired together. This property is classified as both office and multifamily, offering a unique investment opportunity in a high-demand area of Miami. The property is situated in Miami-Dade County and benefits from its proximity to both FIU and major roadways.

Highlights

  • Three-unit apartment building totaling 2,080 square feet in Miami, FL.
  • Located in the Minorca Plaza shopping condominium complex.
  • Convenient access to the Turnpike and Florida International University (FIU).
  • Three contiguous second-floor units (two 640 sq ft, one 800 sq ft), each with its own lease expiring December 31, 2024.
  • Asking price: $748,000 ($360/sq ft). Cash purchase only.
  • Multifamily/office property in high-demand Miami-Dade County location.

Property Details for 947 122Nd Ave

Property type
Office properties, Apartment buildings
Year Built
1983

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.7593232
Longitude
-80.3924895
947 122Nd Ave, Miami, Florida

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947 122Nd Ave
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