Here in Little Havana lies this exceptional 6 unit multifamily income producing property that was built in 1985.Four units are 2 bedroom 1 bath units, two are 1 bedroom 1 bath, all rents are month-to month. This gives investors the opportunity to increase revenues quickly to market levels. The roof was restored in early 2023, central A/C throughout the building, PVC plumbing, and opportunity to sub-meter to later bill tenants directly for the water. There is ample parking on site for residents and visitors. Multifamily has proven to be a COVID and inflation proof investment, and the area continues to see great rent collections. Centrally located hub of economic activity that is booming and growing from the inflow of residents from other States as they continue to be driven to Miami.
The median home value in Miami, FL is $524,600. This is higher than the county median home value of $463,600. The national median home value is $338,100. The average price of homes sold in Miami, FL is $524,600. Approximately 25.83% of Miami homes are owned, compared to 60.2% rented, while 13.97% are vacant. Miami real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Miami real estate agent to arrange a tour today!
Miami, Florida 33128 has a population of 440,807. Miami 33128 is less family-centric than the surrounding county with 25.08% of the households containing married families with children. The county average for households married with children is 27.22%.
The median household income in Miami, Florida 33128 is $47,860. The median household income for the surrounding county is $57,815 compared to the national median of $69,021. The median age of people living in Miami 33128 is 39.9 years.
The average high temperature in July is 89.2 degrees, with an average low temperature in January of 60.6 degrees. The average rainfall is approximately 59.3 inches per year, with 0 inches of snow per year.