CAP RATE 7%. London Foster is pleased to present the exclusive opportunity to acquire a multi-family building. The building is a legal 6 unit and has been converted into 9 updated units ideally located in the booming city of Miami. This property is completely gated with 12 on site parking spaces and has a desirable unit mix of -2Bd/2Ba, 2-2Bd/1Ba, 2-1Bd/1Ba and 4 studio units. 40-year recertification completed in 2021. New roof 2018. Impact Windows, New Plumbing, Exterior Stucco & Painting done 2019-2020. This investment is ideal for investors seeking strong returns in a vibrant cultural hub.
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Each winter during Carnaval Miami, salsa tunes blare and the smell of spicy chorizo fills the air on Calle Ocho, the commercial thoroughfare and heart of Miami's Little Havana. The roaring street festival, which culminates in the world's longest conga line, is the last of 10 events comprising the Latin-spiked Carnaval.
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