Allapattah Duplex operating as a 4 plex for added income. Well built 1,960sf building on a 6,900sf lot.
North Allapattah is a great, safe, solid working class neighborhood, experiencing significant development activity on its nearby commercial corridors.
Current NOI of $38k, raisable to Proforma NOI of $45k, and close to a 7% cap at asking price.
Duplex - non Conforming Fourplex
Living Area: 1,960 SqFt
Lot Size: 6,900 SqFt
Zoning T3-R
Price per Door: $150k
4 Units
2 One Bed/One - Bath Units
Cap Rate Proforma 7,55%
Cap Rate 5,14%
Fausto Commercial Realty
1761 W Flagler St. Miami, FL 33135
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