6001 W Flagler St 15 Unit Apartment Building $6,000,000 ($400,000/Unit) Miami, FL 33144
EXECUTIVE SUMMARY
Excellent opportunity to acquire this 15 unit, mixed-use property located in an Opportunity Zone. Built in late 2019, this property is composed of 14 residential apartments and 1 commercial suite. All apartment units feature central HVAC, granite countertops & kitchen islands, stainless steel appliances, impact windows and doors, tile flooring throughout, in-suite washer & dryer and tankless water heaters.
The 5-story building features a two-level parking garage with 23 parking spaces, 5 passenger elevator, fire alarm sprinkler system, 12 camera DVR system with 4K resolution and fiber-optic wiring for high speed internet access.
Location is ideal, providing quick access to highway 836 (Dolphin Expressway) and just 4 miles from Miami International Airport, 9 miles from downtown Miami/Brickell and 3.8 miles from Coral Gables. Waterford and Blue Lagoon business districts are also just a few miles away, in addition to new shopping centers and major retail and grocery stores.
This property is fully stabilized, providing immediate cash flow with great potential for future rent upside in a growing area.
The 5-story building features a two-level parking garage with 23 parking spaces, 5 passenger elevator, fire alarm sprinkler system, 12 camera DVR system with 4K resolution and fiber-optic wiring for high speed internet access.
Location is ideal, providing quick access to highway 836 (Dolphin Expressway) and just 4 miles from Miami International Airport, 9 miles from downtown Miami/Brickell and 3.8 miles from Coral Gables. Waterford and Blue Lagoon business districts are also just a few miles away, in addition to new shopping centers and major retail and grocery stores.
This property is fully stabilized, providing immediate cash flow with great potential for future rent upside in a growing area.
PROPERTY FACTS
| Price | $6,000,000 |
| Price Per Unit | $400,000 |
| Sale Type | Investment |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.20 AC |
| Building Size | 37,545 SF |
| Average Occupancy | 95% |
| No. Stories | 5 |
| Year Built | 2019 |
| Parking Ratio | 0.61/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | 6107 - T5L. Please click here for details: http://www.miami21.org/T5_TypesPage.asp. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Tile Floors
- Granite Countertops
- High Speed Internet Access
- Stainless Steel Appliances
- Island Kitchen
SITE AMENITIES
- Security System
- Smoke Free
- Elevator
- Public Transportation
- Individual Leases Available
- Fiber Optic Internet
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 2+2 | 11 | - | - |
| 3+2 | 2 | - | - |
1 of 1
Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 01-4001-004-2120 | Improvements Assessment | $3,147,790 |
| Land Assessment | $602,210 | Total Assessment | $3,750,000 |
CONTACT
-
Kenny Silva - Vizcaya International Realty Inc
