A turnkey $ opportunity: large sfh available in the well-located south miami / coral gables sub-market. Prime location for potential student housing income
— across the street from university of miami
— in-place cap rate of 6. 5% in area where properties are trading below 5%
— unit mix: 2/1 main house & detached in-law quarters
— undervalued rents in highly desirable area
property is well maintained and has been upgraded: bathrooms all new, new appliances, and grounds regularly maintained. Solid roof, cbs construction. Upside exists in bringing rents up to market rate, adding coin laundry to boost noi, & add add'l room to main house — thus increasing value/equity for new owner. Its superb location makes it highly desirable to prospective renters
Data is provided by Miami Board of Realtors.
Nearby School In South Miami
Somerset Academy Elementary School South Miami Campus
Somerset Academy Charter Middle School South Miami Campus
International Studies Preparatory Academy
South Miami Middle School
Listed on January 14, 2020 by Xavier Gonzalez from New Wave Realty, LLC., this apartment is for sale. apartment for sale in South Miami listed at $417,000, Reference A10797803
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