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    Apartment buildings

    6900 Miami Dr, Indian Lake Estates, FL 33855

    3,264 SF Built 1959
    Property ID
    Property summary
    AI-generated overview

    This exceptional four-unit apartment building presents a compelling investment opportunity in Indian Lake Estates, Florida. Located at 6900 Miami Dr, 33855, this property consists of two, two-unit buildings constructed in 1959 from concrete block with pitched shingle roofs (replaced approximately four years ago). Each unit offers a spacious one-bedroom, one-bathroom layout. The 3,264 square foot property sits on a 0.44-acre lot and is zoned PUD (Planned Unit Development). All units feature recently updated water heaters. Tenant-paid electricity (sub-metered) and city-supplied water (landlord-paid) simplify management. A recently renovated septic system ensures efficient waste disposal. A convenient laundry room is located in one building, and the property also includes water and sewage hookups for RVs. This multifamily investment is eligible for residential financing, making it an attractive option for buyers seeking a stable income stream. The property offers a large courtyard for tenant use. This well-maintained property provides a solid foundation for a successful investment.

    Property profile
    Verified
    Property type Apartment buildings
    Year built 1959
    Total area 3,264 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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