Multifamily Investment in Miami – 11 Units

$759,000.00
Sale
13968 Property ID
5,030 SqFt Size

Description

This 11-unit multifamily property offers a strong income opportunity with a diverse mix of units and solid rental appeal. Located in a convenient area, the property provides immediate income potential for investors seeking a stable residential asset.

All 11 units currently have tenants in place. Long-term leases also support steady occupancy and predictable rental income. As a result, buyers can acquire an operating property with an established tenant base from day one.

Strong Rental Appeal

The property features a versatile unit mix that can attract different types of renters. This variety can help reduce vacancy risk and support consistent demand across the property.

In addition, the location provides easy access to everyday services. Residents can reach schools, shopping centers, medical facilities, and major roads without long travel times.

Key property advantages include:

  • 11 total multifamily units
  • 100% occupancy across all units
  • Long-term leases in place
  • Diverse unit mix for broader tenant appeal
  • Established rental income
  • New roof
  • New septic drainfield
  • Convenient access to major transportation routes
  • Convenient Location

The property benefits from quick access to Highway 27 and State Road 60. These major routes connect residents with nearby communities and employment centers.

Furthermore, the surrounding area offers a practical mix of services and amenities. Schools, retail, healthcare, and transportation options are all within convenient reach.

This accessibility can strengthen tenant demand over time. It also gives residents simple north, south, east, and west commuting options.

Recent Property Improvements

Recent upgrades add further value for the next owner. The property now features a new roof, which can reduce near-term maintenance concerns.

The new septic drainfield also provides an important infrastructure improvement. Together, these upgrades can help limit immediate capital expenses and support smoother property operations.

Investment Opportunity

With all 11 units occupied, the property offers an attractive starting point for an investor building or expanding a rental portfolio. The existing leases provide income while the property’s location supports continued rental demand.

Moreover, the combination of occupancy, recent improvements, and convenient access creates a balanced investment profile. Buyers can pursue the property as an established income-producing asset rather than starting with a vacant or unfinished project.

Whether you are an experienced multifamily investor or entering the rental market for the first time, this property offers several practical advantages. The current income, tenant stability, and recent improvements make it a compelling option for long-term ownership.

Investment Highlights:

  • 11-unit multifamily property with all units occupied
  • Stable income supported by existing leases
  • Flexible unit mix designed to attract a broad tenant base
  • New roof completed as a recent improvement
  • New septic drainfield adds infrastructure value
  • Convenient access to Highway 27 and State Road 60
  • Close to schools, shopping, medical services, and major routes
  • Strong potential for long-term rental demand
  • Suitable for portfolio growth or a first multifamily investment
  • Private showings available for qualified buyers

Address

  • Address Lake Wales, FL
  • Country United States
  • Province/State
  • City/Town
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Overview

  • Property ID 13968
  • Price $759,000.00
  • Property Type
  • Property status
  • Year Built 1926
  • Size 5,030 SqFt
  • Sub Type Apartment Building
  • Square Footage 5,030
  • Price per SqFt $159
  • Cap Rate 7.50%
  • Units 11
  • Occupancy 100%
  • Stories 1
  • Zoning R-2
  • Tenancy Multi
  • Broker Co-Op Yes
  • Buildings 2
  • Acreage 0.790
  • Ownership Fee Simple
  • Lot Size 34,360 SqFt

Contact

Zena Bardawell Farah

President

+1 305-967-7200
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