Fausto Commercial is proud to present this opportunity to invest in this Value Add situation. Building is located in Allapattah, the neighborhood has shown stable rent growth and new development has come to revitalize the urban core. The majority of this Building has undergone a gut renovation and is very close to being complete. The Three completed units are currently generating $6,300 per month combined. What that means to you is that you are collecting good cashflow while you make final repairs and increase cashflow. Owner has quote from a General Contractor to complete final unit for $50,0000. Good opportunity to 1031 into this deal and refinance if you need cash.
Courtesy of: Fausto Commercial Realty Consultants Inc MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. Updated: 26th June, 2022 10:10 AM (UTC)
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