141 NW 16th Ave - Apartments FOR SALE
Miami, FL 33125 |
141 NW 16th Ave
Miami, FL 33125
HIGHLIGHTS
- Brand new building. No Capex required in the near future. 62 Percent Upside in Rents on the 140% AMI Bracket
- 85% renewal rate in the first year of operations
- Nine percent increase in Gross Income in the first quarter of 2022
- Rents on 140% AMI units could be increased up to 66% before reaching the 2022 rent limit of $2,390.
- Enough street parking for all tenants and Tenants are responsible for all utilities
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
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% LEASED
-
BUILDING DETAILS
PROPERTY NAME
La Loma
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
13461
STORIES
3
YEAR BUILT
2021
PARKING SPACES
8
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
01-4102-005-8760
