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Home61's Closings in
Miami, FL
Separate but fully leased, 2 building portfolio on 1. 23 acres. 52 units averaging 215 sf. Occupied by 47 local tenants on leases averaging 2 years. Professionally managed and maintained. New re-roof in 2017. Recent hvac replacements also. Common areas include, lobby area, break rooms, and atrium. Historically high occupancy with less than 2. 5% vacancy with a long wait list. Liberal ci zoning allows for multitude of retail, office, or medical uses. Property features and attractive 7. 3% cap rate with considerable upside as leases reset.
Data is provided by Miami Board of Realtors.