Miami Central Multi-Family 87 Unit Portfolio

  • $16,500,000
6040, Northwest 12th Avenue, Liberty Square, Miami, Miami-Dade County, Florida, 33127, United States
  • Multi-family
  • Property Type
  • 87
  • Units
  • 10,449
  • ft²
  • 12,300
  • Lot ft²
For Sale
Miami Central Multi-Family 87 Unit Portfolio
6040, Northwest 12th Avenue, Liberty Square, Miami, Miami-Dade County, Florida, 33127, United States
  • $16,500,000

Details

Updated on July 31, 2024 at 2:30 pm
  • Price: $16,500,000
  • Property Size: 10,449 ft²
  • Land Area: 12,300 ft²
  • Units: 87
  • Property Type: Multi-family
  • Property Status: For Sale

Description

87 Unit Liberty Square/Model City Gut-Renovated Multi-Family Portfolio. 6 total buildings, all clustered in

a 2 block spread, yielding ease of management and economies of scale. All the buildings are gut-
renovated including New Electric, New Plumbing, New Roofs, New Railings, new central or split A/C units,

New Hurricane-Resistance Impact Windows & Doors and more. All 40 year re-certs up-to-date. Priced to
sell at a Pro-Forma 10% Cap Rate. SELLER FINANCING AVAILABLE, at approx. 60-70% LTV, 3-5 year term,
below bank rates. The area is absorbing a rush of tenants being pushed out of surrounding markets such
as Little Havana, Edgewater, Little Haiti and similar- and this means a story of sustained rent growth for
ownership. This neighborhood marks one of the very few areas close to the urban core, with great
accessibility and great public transit, with many nearby schools and parks, and retaining a strong element
of affordability. Section 8 rents in this market have skyrocketed, and the building are all fully Section 8
approved, meaning you can easily raise rents and get guaranteed government-back revenue. The
properties are one blocks away from Liberty Square project, an area changing $300M+ master plan project
by the Related Group to redevelop a 55-acres of new Housing, complete lifestyle amenities such as arts
and cultural sites, high quality educational facilities, health centers, parks and recreation, social services,
and more

  • 6040 NW 12TH AVE
  • 5990 NW 14th Ave
  • 1335 NW 60th St
  • 1341 NW 60th St
  • 1231 NW 61st St
  • 1250 NW 62nd St

Property Documents

87%20units-CFM-VR-FC-5-compressed-compressed
  • Address 6040, Northwest 12th Avenue, Liberty Square, Miami, Miami-Dade County, Florida, 33127, United States
  • City Miami
  • State/county Miami-Dade County
  • Zip/Postal Code 33127

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Frank Campos
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