Holleman Manor Addn

Highlights:

• Lot Features: Less Than 1/4 Acre Lot
• Documents Available: Deposit Held, Copy Of Lease(S)
• Architectural Style: Attached
• Cooling: Ceiling Fan(s), Central Air
• Heating: Central
• Flooring: Ceramic Floor
• Construction Materials: Concrete Block Construction

Description:

Four-unit multifamily investment opportunity in Miami’s Allapattah neighborhood with established in-place income and long-term upside.
The property consists of four 1-bedroom / 1-bath units generating $89,940 in annualized rental income, with an in-place NOI of $58,385 and a 5.4% cap rate at the current asking price. Features include separate electric meters, shared on-site laundry, on-site parking, a 2020 roof, 2021 stucco improvements, and completed 2025 recertification. The 8,632 SF lot provides a functional property layout with convenient access to Wynwood, Miami International Airport, Downtown Miami, Brickell, South Beach, and major transportation corridors.
A strong opportunity for investors seeking current income with additional operational upside. Seller is seeking a traditional sale with full proceeds at closing. Seller financing will not be considered. Short-term rental income is subject to applicable local regulations.

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Listing ID: A11944416