915 80Th St Miami, FL 33150

This exceptional triplex, located at 915 NW 80th St, Miami, FL 33150, presents a compelling investment opportunity. The property, built in 1982 and extensively renovated in 2020, boasts 2,517 square feet on a 7,250 square foot lot (APN: 30-3111-008-0080). The Class A building features three units, each currently occupied at 100% occupancy, generating a substantial annual net operating income (NOI) of $61,600, representing an 8.00% cap rate. Recent improvements include a new roof, central air conditioning, updated kitchens and bathrooms, a new drain field, and exterior paint and waterproofing. All three units are currently leased to the Housing Department under Section 8, providing a secure and stable income stream of $91,452 annually. The property benefits from three separate electric meters, minimizing maintenance expenses. The asking price is $769,900, translating to $305.88 per square foot and $256,633.33 per unit. This is a cash-only purchase. Showings require a Letter of Intent and proof of funds. Please do not disturb the residents.