542 NW 8 St, Miami, FL 33136
Overtown 15 Unit Multifamily building. 1950s construction, solid concrete block style building in this dynamic neighborhood that is seeing tremendous growth in value. Currently operating as an Assisted Living Facility (ALF). This opportunity is blocks from the financial and employment engines of Downtown, Health District, Coral Gables, and Brickell. Walking distance from the new Brightline All-Aboard rail station, Miami Innovation Center, Miami CitiCenter, Red Rooster Restaurant, Metro Rail Station, River Restaurants and more. A portion of the income for tenants is from social security program and another via subsidy with through ALF averaging around $1,900/unit. Come invest now in this thriving urban core community, experiencing a full economic and social renaissance.