This exceptionally rare offering presents the opportunity to acquire a well-maintained, value-add 6-unit multifamily community in the Village of Palmetto Bay. The property consists of three duplexes situated on a spacious ±0.34-acre lot and was originally constructed in 1963. The asset is currently 100% occupied with long-term tenants, demonstrating strong historical performance and minimal turnover—an attractive foundation for stable in-place cash flow with future upside.
Recent enhancements include a brand-new septic tank and drain field, along with updated PVC plumbing. Most units feature fully remodeled interiors with stainless steel appliances, plank flooring, fresh paint, updated tile, new cabinetry, and granite countertops. All units are equipped with central air conditioning and individual tankless water heaters, offering tenants modern comfort while supporting efficient operations for ownership.
What truly differentiates this asset is its location - Palmetto Bay offers extremely limited multifamily inventory, contributing to lower volatility in rental demand and increased resilience during economic downturns. The area is further supported by robust demographics, including high household incomes, top-tier schools, and elevated single-family home values. The property’s prime setting east of US-1 provides residents with walkable access to daily amenities and convenient connectivity throughout Miami-Dade County, making this an appealing opportunity for multifamily investors.