11330 Peachtree Dr Miami, FL 33161

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.