1001 NW 36th Avenue, Miami, FL 33125

Property Description

Fully renovated six-unit apartment building in central Miami, offered at $1,600,000 ($595/SF of building area). The one-story, 2,688 SF building sits on a 6,360 SF (0.15 AC) lot, built in 1957, zoned T4-R (City of Miami, Miami 21). All six units are 1 bed / 1 bath with updated kitchens, bathrooms and finishes, plus in-unit washers. Units are projected to rent at $1,950/month, or $140,400/year in gross rent at full occupancy (11.4 GRM). Located between Miami International Airport (2.2 mi) and Nu Stadium at Miami Freedom Park (0.8 mi), home of Inter Miami CF. About a quarter mile to SR 836, about 1 mile to SR 112, and about 1.1 miles to the Miami Intermodal Center (Metrorail and Tri-Rail). Coral Gables 2.3 mi, Calle Ocho 2.4 mi, Brickell 3.9 mi, Downtown Miami 4.2 mi. Target at Centro City 0.3 mi. Interior photos are virtually staged with AI; furniture not included. Buyer to verify rents, expenses, occupancy and permits. INVESTMENT HIGHLIGHTS:- Fully renovated six-unit building - six 1BR/1BA apartments- Updated kitchens, bathrooms and finishes, with in-unit laundry- Projected gross rent of $140,400/year ($1,950/unit/month) - 11.4 GRM- Asking $595 per SF of building area- 0.8 miles from Nu Stadium and 2.2 miles from Miami International Airport- About a quarter mile to SR 836 - Downtown, Brickell and Coral Gables a short drive- T4-R zoning, City of Miami (Miami 21)- Interior photos are virtually staged with AI; furniture and decor not included