979 SW 10th St, Miami, FL 33130
- Pro forma Cap 5.51%
- Value Add
- Uniform Units
- Little Havana opportunity zone
- Below Market Rents
- 8 parking spaces
The Cynthia Condo. A Little Havana 8-Unit Multifamily, single, free-standing building on a 7,500 SqFt lot. Zoning T3-O. Value-add opportunity, 2 story, 8 parking spaces & onsite laundry. Uniform and renovated one-bedroom apartments with updated interiors.
While rented below-market rates, this stylized asset has huge upside with rental growth, value-add in a neighborhood that continues to be revitalized close to Downtown Miami and Brickell.
Updates include: Kitchens, Appliances, Windows (2011- 2013). Most A/C Units are updated - Window A/Cs and PTAC Wall A/C Units. The two front units include balconies and extra light.
Great rentals for commuters with close proximity to Downtown Miami, Brickell, Coconut Grove, Coral Gables, Wynwood, and Miami Beach.