For Sale
$2,200,000

110 9Th Ave Miami, FL 33128

11-Unit Studio Building, High ROI

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional multifamily investment opportunity in Miami's desirable West Brickell neighborhood presents a 1940-built, single-story building comprising eleven remodeled studio units. Each unit boasts impact doors and windows, ensuring both security and energy efficiency. Resident access is controlled by a newly installed fence with pin access. The property includes a convenient full laundry room equipped with two coin-operated washers and dryers. The building's prime location offers residents easy access to Downtown Miami and Calle Ocho, contributing to consistently high occupancy rates. Currently generating a gross annual income of $216,000, this property represents a strong cash-flow investment. Situated at 110 NW 9th Ave, Miami, FL 33128, in Miami-Dade County, this property is priced at $2,200,000. The low vacancy rate in this area further underscores the investment potential. This is a rare chance to acquire a well-maintained, income-producing asset in a thriving Miami location. The property's strong performance and desirable location make it an attractive proposition for discerning investors seeking a stable and profitable addition to their portfolio. The building's features, combined with its strategic location, promise continued success and strong returns.

Highlights

  • $2,200,000 asking price.
  • Multifamily property, 1 building, 1 story, built in 1940.
  • 11 remodeled studio units in West Brickell, Miami, FL.
  • Features impact doors/windows, new fence with pin access, and a laundry room with coin-operated washers/dryers.
  • Gross annual income of $216,000.
  • Located 5 minutes from Downtown Miami and Calle Ocho.

Property Details for 110 9Th Ave

Property type
Commercial real estate
Year Built
1940
Buildings
1
Stories
1

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.7750613
Longitude
-80.209779

FAQs

What type of property is this?
Commercial real estate - 11-Unit Studio Building, High ROI
Where is the commercial real estate located?
The property is located at 110 9Th Ave Miami, FL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: $2,200,000 asking price.; Multifamily property, 1 building, 1 story, built in 1940.; 11 remodeled studio units in West Brickell, Miami, FL.
How can I contact the broker?
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110 9Th Ave
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