Florida, Miami-Dade County, Miami, 7th St

Apex capital realty is proud to present a fully renovated 12-unit multifamily building, just west of i-95 near downtown miami. 100% occupancy and all tenants have been paying rent throughout the covid pandemic. Spacious unit mix included six (6) 1/1’s and six (6) 2/1’s with each unit being between 500-650 square feet. Gross operating income of $150, 000+. Operating expenses, including adjusted real estate taxes, are roughly $33, 000 per year, leaving approximately $117, 000 of noi per year. The property received its 40-year re-certification from the city at the end of 2019. There is upside to an investor on market rate adjusted rents. The property is positioned in a great area in relation to the growth and development within the city of miami.