7811 3Rd Ave Miami, FL 33150

Property Details for 7811 3Rd Ave

Year built

1952

Property size

2,485 SF

Property type

Small apartment buildings

Description

This exceptional two-story apartment building, situated at 7811 NW 3rd Ave in Miami, Florida, presents a compelling investment opportunity. Built in 1952, the property boasts a total of 2,485 square feet and comprises four units, each featuring two bedrooms and one full bathroom. Each apartment is equipped with three wall-mounted air conditioning units, ensuring tenant comfort. The building features tile flooring throughout and provides ample parking with six designated spaces. Its strategic location offers convenient access to major thoroughfares; it's only 50 meters from NW 79th St and 500 meters from I-95, providing excellent connectivity for residents. The property's current rental income presents a strong foundation, with significant potential for increased revenue through strategic rent adjustments. This opportunity is further enhanced by a financing option that is NOT SUBJECT to appraisals, streamlining the acquisition process. This multifamily property in Miami-Dade County, zip code 33150, represents a rare chance to acquire a well-maintained asset with substantial upside potential in a thriving market. The asking price for this property is $965,000.