27-UNIT MULTI-FAMILY BUILDING...Eduardo Azofra, Realtor Fortune International Realty Mobile:...

Eduardo Azofra, Realtor Fortune International Realty Mobile: 305-775-1558

[email protected] 2401 Douglas Road, Miami, FL 33145 Office: 305-446-2292

27-UNIT MULTI-FAMILY BUILDING

INVESTOR OPPORTUNITY

GENERAL DESCRIPTION

GREAT INVESTOR OPPORTUNITY – INCOME PRODUCER

This four-story, multi-family building is located in the City of Miami. The property has easy access

to major thoroughfares and highways. The building offers all the amenities of city living, with good

access to public transportation, nearby grocery stores, restaurants, and shops, as well as the world

renowned healthcare of Miami’s Medical District.

Exclusively Listed with Eduardo Azofra, Realtor – Fortune Commercial Division

mailto:[email protected]



CONFIDENTIALILTY OF THIS REPORT

This is a confidential report on the subject property. This report is intended for the sole use of a

prospective buyer and for determining if further interest in the subject property is deemed.

The confidential report contains brief information about the property offered for sale. It is subject to

changes that can appear at any time, and will replace all previously reported information. This report

contains estimates, projections, and information about the property, and the members, directors,

executives, managers, and employees related to the property or to Fortune International Realty do not

assume any responsibility for the information contained in this report, for the accuracy, and its effects, to

notify any changes on the information or this report, or for any decisions based on the information

contained herein.

All data on the property is provided for information purposes. Fortune International Realty encourages

recipients of this report to thoroughly review and independently verify to recipient’s own satisfaction that

the data provided are substantially representative of the property and can be realized upon when

considering any interest of said property. Recipient of this report acknowledges that he has been advised

to seek independent counsel of an attorney and/or accountant to verify the information on the property and

examine any and all applicable documentation relative to the transaction.

The information contained in this report is confidential. The recipient agrees that he/she will not

disclose any of the contents contained in this report without prior authorization from Fortune

International Realty.







27 UNIT MULTI-FAMILY BUILDING - INVESTOR OPPORTUNITY

PROPERTY TYPE Multi-family, Apartments

DESCRIPTION This 27-unit multi-family building is located in the

City of Miami. Concrete block construction. All

units have a private balcony and central A/C. 12

units have Titan water heater. New elevator

installed in January 2020. Amenities feature a

swimming pool with patio area; fully fenced

perimeter; private parking; laundry on premises.

The building and common areas are well

maintained.

BUILDING SQUARE FOOTAGE 25,899 SF

LAND SIZE 24,207 SF

NUMBER OF UNITS 27

AVERAGE UNIT SIZE 860 SF

UNIT BREAKDOWN 17 units, 2 bedrooms, 1 bath – SF

10 units, 1 bedroom, 1 bath – SF

PRICE PER BUILDING SF $212.36

PRICE PER GROSS LAND SF $227.20

PRICE PER UNIT $203,703.70

NUMBER OF STORIES 4

YEAR BUILT 1974

ZONING COMMERCIAL

NUMBER OF TENANTS 27 (100% Occupied)

GROSS ANNUAL INCOME $394,800.00

ASKING PRICE $5.5 Million

Exclusively Listed with Eduardo Azofra, Fortune International Realty




Building amenities include a swimming pool and patio area, fully fenced lot, private parking for

tenants, and laundry area. Common areas are well-maintained, as are the apartment interiors.





































New elevator installed January 2020














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