526 64Th Ave Miami, FL 33144

This exceptional investment opportunity presents a fully rented 1-story apartment building located in West Miami, Florida. Built in 1946, the property boasts a total area of 3512 square feet situated on a 6650 square foot lot. Its prime location offers convenient access to major highways, shopping centers, the airport, and hospitals, ensuring high occupancy rates and strong rental demand. Currently generating a gross annual income of $97,800, with individual unit rents ranging from $1550 to $1850, this property provides a substantial net annual income of $74,500, representing a compelling 7.9% annual return on investment. All units are currently leased with annual agreements in place, making this a truly turnkey investment. The property has undergone recent remodeling, enhancing its appeal and ensuring long-term value. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a desirable location. Don't miss out on this exceptional chance to secure a profitable and stable investment. The address is 526 SW 64th Ave, Miami, FL 33144, in Miami-Dade County.