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329 SW 9th Ave

Miami FL 33130

6
3380 sq. ft.
Duplex
Currently for sale - view listing

Overview

Alerio Group is proud to exclusively present 329 SW 9th ST Street, a boutique 4-unit multifamily property located in the heart of Little Havana. This meticulously maintained asset features four 2-bedroom, 1-bath units, currently rented at $2,250 x 2 and 2x @ $2275, delivering high in-place income at a 5.5% CAP rate with upside potential. The property has undergone extensive upgrades both inside and out. All of the unit interiors have been fully remodeled and include impact windows, a new roof, central air conditioning in all units, six on-site parking spaces, new asphalt paving, a new fence including dumpster enclosure, and new railings. All work was done with permits. Additional income is generated through on-site coin-operated laundry (1 new washer / 1 dryer). Designed for ease of ownership, this low-maintenance building is simple to manage and offers the ability to further increase rents. All tenants are secured with annual leases except one MTM lease. Located in one of the strongest rental markets in the country, this Little Havana multifamily asset offers durable cash flow, inflation resistance, and long-term appreciation potential. This offering will not last.

Features

6 carspaces
3380 sq. ft. floor area
Duplex

Property history for 329 SW 9th Ave

2019
Sold
$690,000
13 Dec 2019 by Carlos Diaz Valladares, of Yaffe International Realty

Happy sellers in Miami

92%
92% of sellers in Miami reported that their sale price either exceeded or met their price expectations.

Miami stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 9 reviews in Miami over the last 12 months.

Local market activity for duplexes in Miami

In the last 12 months, 7 duplexes similar to 329 SW 9th Ave, have been sold.

This represents a 59% increase in duplexes sales when compared to the previous 12 months.

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