110 9Th AveMiami, FL 33128

Property Details for 110 9Th Ave

Year built

1940

Property type

Commercial real estate

Description

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.

Location Insight

City

Miami

County

Miami-Dade

State

Florida

Latitude

25.7751

Longitude

-80.2098

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