Allapattah Bungalow Triplex. 1,862 sf building on 4,600sf lot, in need of some re-modeling but with Central a/c.
North Allapattah is a great, safe, solid working class neighborhood, experiencing significant development activity on its nearby commercial corridors.
Current NOI of $17k, raisable to Proforma NOI of $24k, and close to a 5% cap at asking price. The perfect first time investment.
Triplex
Living Area: 1,862 SqFt
Lot Size: 4,600 SqFt
Zoning T3-O
Price per Door: $176k
3 Unit
Fausto Commercial Realty
1761 W Flagler St. Miami, FL 33135
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