11330 Peachtree Dr Miami, FL 33161
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 11330 Peachtree Dr
- Year built
- 1981
- Property type
- Small apartment buildings
Description
This attractive three-unit apartment building, located at 11330 Peachtree Dr, Miami, FL 33161, presents a compelling investment opportunity. Built in 1981, this two-story, concrete structure boasts three units, offering a strong foundation for consistent rental income. The property features recently updated kitchens and bathrooms, along with new appliances and a new roof, minimizing immediate maintenance needs. Currently, the building is occupied by long-term tenants, providing stability and predictable cash flow. One unit is non-conforming. The asking price is $990,000, representing a 6.58% capitalization rate. This property is ideally suited for a cash buyer. Note that this property can be purchased in conjunction with a neighboring property at 11316 Peachtree Dr, to create a five-unit portfolio. The city is planning significant investments in the surrounding area over the next five years, promising substantial future appreciation potential. This is a rare opportunity to acquire a well-maintained, income-producing asset in a rapidly developing Miami neighborhood.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.1750996
- Latitude
- 25.8803816