3090 27Th St Miami, FL 33142

Property Details for 3090 27Th St

Year built

1971

Property size

3,168 SF

Property type

Apartment buildings

Property subtype

Small apartment buildings

Description

This exceptional 4-unit apartment building, known as Riverside Manor, presents a compelling investment opportunity in Miami's thriving Allapattah neighborhood. Built in 1971 by the current owner, this well-maintained property boasts a recently installed roof (2022) and accordion shutters, significantly reducing insurance premiums. The building's 3,168 square feet are distributed across two stories, offering a comfortable and efficient layout. The unit mix is ideal, featuring two 2-bedroom, 2-bathroom units and two 1-bedroom, 1-bathroom units, catering to a diverse range of tenants. Each unit is equipped with central air conditioning, simplifying maintenance and enhancing tenant satisfaction. Currently, all four units are occupied by Section 8 tenants, providing a stable and predictable income stream. This makes Riverside Manor an attractive proposition for both novice investors seeking a low-maintenance entry point and experienced portfolio builders looking to add a reliable asset to their holdings. Located at 3090 NW 27th St, Miami, FL 33142, in Miami-Dade County, this property is priced at $950,000 and offers a strong return on investment. The property's solid construction and consistent rental income make it a truly turnkey opportunity in a rapidly appreciating market.