Description
111 NW 76th St,
Miami,
FL
33150
Amazing investment opportunity in Little Haiti (2 FOLIOS: 111 NW 76 ST AND 110 NW 77 ST). 8 Existing CASH-FLOWING units, 100% Occupancy! Rents are Below Market! 5%+ Cap Rate in a Prime and Growing area w/ possibility to increase significantly. Favorable Zoning: T5-R! Ideal Buy-and-Hold Investment with HUGE UPSIDE for FUTURE REDEVELOPMENT. Build up to 5 stories high & 30 units, do your own research. Property Has Access on 2 Streets. **Located in OPPORTUNITY ZONE: potentially offering significant capital gains tax savings for the buyer. Little Haiti is currently developing the Magic City Innovation District Area: Residential Commercial Art Galleries Showrooms Offices Entertainment Spaces. Once complete it will raise rents & property values in the surrounding area along the way.
Listing By: Keller Williams Eagle Realty via Data Source: MIAMI MLS
Price History
| date | price | variance | type | global |
|---|
| 11/29/2021 | $1,150,000 | - | Sold | view listing |
| 4/1/2020 | $1,150,000 | - | Listed |
