Miami 5-Unit Multi-Family Property for Sale

This is a prime opportunity to acquire a 5-unit multi-family property located in the heart of Miami, Florida, conveniently situated next to Coral Gables. The property boasts a substantial 5,136 sq ft of CBS construction, built in 1946. Its strategic location offers excellent access to Brickell, Downtown Miami, Little Havana, and Coral Gables, with proximity to essential amenities like restaurants, supermarkets, and shopping, as well as Miami Beach. The building is established and currently rented below market value, presenting a significant upside for a new owner to increase income by bringing rents up to market rates, estimated at $14,200 or more per month. Tenants are on month-to-month leases, offering flexibility. Additional income is generated from an owner-operated commercial washer and dryer facility included with the sale. The property features parking for 10 cars behind gates and is situated on a corner lot. This versatile property could also be considered for Air B&B opportunities. The asking price is $1,450,000, with a gross revenue of $168,000. The Net Operating Income (NOI) is not disclosed.