Multifamily Building, Little River

Oct 14

Written By Madison Capital Group

$1,895,000

7509 Northeast 3rd Avenue, FL, 33138

Gross Income: $139,200

Units: 6, 2 BR Apartments

Occupancy: 100%

Certification: 40 - Year Recertification Completed

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MCG Realty Advisors is proud to exclusively present for sale 7509 NE 3rd Avenue in the burgeoning Little River neighborhood of Miami. This 6-unit boutique multifamily building is generating over $139,200 per year in gross income providing ample upside for rental and income growth.

The neighborhood of Little River is experiencing significant growth and is well positioned to take advantage of resident’s desire to be close to Wynwood, The Design District, MIMO and the developing urban core of Miami.

The area boasts some of the hottest new bars and restaurants in the city including Sunny’s Steakhouse, Bar Bucce, Magie Wine Bar and The Citadel Dining Hall.

Also located in a Qualified Opportunity Zone, this property is perfect for builders and developers looking to capitalize on the dynamic and energetic growth the Little River area will be experiencing for many years to come.