1561 NE 118 St, Miami, FL 33161
Fausto Commercial is pleased to present this exceptional 5 unit Multifamily Apartment Building located in the growing North Miami market. This property consists of 3 one-bedroom units & 2 studios totaling 2,540 rentable square feet. Property is a 1950’s vintage with a new roof installed recently. Great investment opportunity for those looking to take advantage of the overwhelming surge of upward pressure on rents and development in the area. It is situated on 7,697 Sq Feet of land. This exceptional property is being offered for sale at $780,000. After some renovation and increasing rents to the market average, the year one cap is expected to increase to 6.34%.