Description
Proforma 7.5% Cap Rate Value Add Portfolio of Four(4) Office Condominiums located directly on NE 167 Street, between I95 and Aventura in North Miami Beach. Two of the five units are currently leased, providing a base cash flow-oppty to create strong income renting the remaining units. Unit sizes range from 1,047 SF - 3,278 SF. Two units are medical offices. Units may be purchased individually. The Building is renovated completely including new elevator, hurricane impact windows & doors, lobby, hallways, floors, lighting. Excellent parking. This portfolio has significant upside potential, with below market rents.
School Ratings & Info
Description
Proforma 7.5% Cap Rate Value Add Portfolio of Four(4) Office Condominiums located directly on NE 167 Street, between I95 and Aventura in North Miami Beach. Two of the five units are currently leased, providing a base cash flow-oppty to create strong income renting the remaining units. Unit sizes range from 1,047 SF - 3,278 SF. Two units are medical offices. Units may be purchased individually. The Building is renovated completely including new elevator, hurricane impact windows & doors, lobby, hallways, floors, lighting. Excellent parking. This portfolio has significant upside potential, with below market rents.
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