3001 92Nd St Miami, FL 33147

This exceptional Miami, Florida multifamily investment property, located at 3001 NW 92nd St, 33147, presents a compelling opportunity. The property consists of a two-story, five-unit apartment building totaling 3,216 square feet of net rentable space, situated on a 14,000 square foot lot. Built in 1950 and extensively renovated in 2018, the property boasts a current 100% occupancy rate, achieving a strong NOI of $95,380 and an 8.02% cap rate. Each of the five units commands a price of $238,000, reflecting a strong value proposition. The property's Class C designation and strategic location in Miami-Dade County, near supermarkets, malls, transportation, and entertainment venues, ensures consistent rental income. With 3,216 square feet of air rights, potential for future expansion exists. This turnkey investment offers immediate cash flow and significant long-term growth potential in a thriving Miami market. The property is owned by Calad Management Inc. and offers a rare opportunity to acquire a well-maintained, high-performing multifamily asset. This is an ideal investment for those seeking a stable, high-yield return in a desirable location.