1975 24Th Ct Miami, FL 33125
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 1975 24Th Ct
- Year built
- 1948
- Property type
- Small apartment buildings
Description
This exceptional Class A multifamily investment property, located at 1975 NW 24th Ct, Miami, FL 33125, presents a compelling opportunity for discerning investors. The property, a fully renovated triplex built in 1948, boasts three individual units, each with its own entrance and separate utility meters, simplifying management and maintenance. The asking price is $1,225,000, offering a compelling 5.70% cap rate. All three units are currently leased to long-term tenants, providing a consistent and reliable income stream. Recent renovations have elevated the property to a high standard, featuring new flooring, updated kitchens and bathrooms, and stainless steel appliances throughout. The unit mix includes a combination of one- and two-bedroom layouts, catering to a diverse renter base. Situated in Allapattah, this property enjoys a prime location just minutes from the vibrant Wynwood neighborhood, providing convenient access to a wealth of shops, restaurants, and public transportation. This single-story building represents a turnkey investment opportunity with significant potential for long-term growth and profitability. The property is situated in Miami-Dade County.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.2365626
- Latitude
- 25.7938349
