Property details
Condos | Unbeatable CAP Rates | Class A Multifamily Rental Units, Southeast Region
Property Description
Condos | Unbeatable CAP Rates | Class A Multifamily Rental Units
Bulk Packages of 3, 5, 7, or 10 Fully rented units
3 Units: Price: $1,514,970. Avg Yearly Rent: $92,220. Avg Cap Rate: 6.09%
5 Units: Price: $3,254,950. Avg Yearly Rent: $194,100. Avg Cap Rate: 5.96%
7 Units: Price: $4,709,930. Avg Yearly Rent: $276,740. Avg Cap Rate: 5.88%
10 Units: Price: $6,744,900. Avg Yearly Rent: $397,950. Avg Cap Rate: 5.90%
Unique sale-leaseback opportunity consisting of 10 residential condominium units.
Located in a highly desirable Miami suburb, a prestigious area that is home to the University of Miami, a substantial employment base, many cultural and entertainment amenities, and a rapidly growing residential population.
The Developer will lease back any unit for two years. The developer will prepay two years of the HOA and real estate taxes at closing, and will also manage the properties free of charge for one year.
Directly adjacent to a popular shopping center which features globally-renowned retailers, including Neiman Marcus, Nordstrom, Tiffany & Co., Burberry, Gucci, Jimmy Choo, Pottery Barn, and Sephora.
Within moments of this property are acclaimed restaurants, thousands of luxury residences, iconic hotels, Miracle Mile, and the city’s thriving business district.
Ground-floor amenity for Luxury Residences: The retail offerings at this property will serve as a lifestyle amenity for the residents of the only newly completed, move-in ready condominium offering in the area.
Images
Highlights
- Status:
- Available
- Price:
- $1,514,970
- Cap Rate:
- 6.09%
Property Information
- Property Type:
- Apartments
- Industry Type:
- Apartment - Multifamily
- Units/Spaces:
- 10
- Purchase Tenure:
- Fee Simple
Existing financing information
- N/A
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.