Property Details
For Sale: 7-Unit Multifamily Property in the Upper East Side of Miami
Colliers International is pleased to present The Village, a seven-unit turn-key apartment community located in the Upper East Side near the Magic City Innovation District. The seven residences were recently fully remodeled with unique interior designs and furnishes. Each unit includes brand new kitchens, appliances, tiles, flooring, interior walls, central AC, electricity, plumbing, impact windows, and bathrooms. The property also features parking, a surveillance system, new landscaping, and sprinklers with a privately fenced backyard that has green space and outdoor furniture.
The Village offers the opportunity to acquire a turn-key fully renovated and stabilized multifamily building, which is strategically located in the Upper East Side. The units are currently renting with a range of $1,450 to $2,500 a month. This is an ideal asset for a 1031 exchange investor or a multifamily investor looking to acquire a cash-flowing asset in this area.
Seven-unit turnkey apartment community
The seven residences were recently fully remodeled in 2020 with unique interior designs and furnishes.
All tenants are on long-term leases with annual increases built in.
Opportunity to operate as short-term rentals in the future and increase revenue significantly.
Located directly off Biscayne Boulevard
Nestled between Miami Ironside and Magic City Innovation District.
Ideal housing for professionals who want to work nearby in Wynwood, Brickell/Downtown Miami, North Miami or Miami Beach
- Property TypeOffice
- Submarket
- Year Built1940Renovated 2020
- Total Acres0.08
- Building ClassA
- Property ID2182676