Golden Towers is a 8-unit, multifamily community located in Miami, FL, which is in Miami-Dade County.​

The subject property is a two-story building built in 1960 using reinforced concrete block construction with painted stucco exterior.​

The property is located at 5545-5555 NW 17th Ave.​, north of NW 54th St, south of NW 76th St, and between NW 7th Ave and NW 27th Ave.

Main traffic arteries traveling north-south through Miami-Dade County.​

The immediate neighborhood consists of primarily multi-family buildings of similar age and construction as the subject property.​

The investment opportunity consists of a highly attractive unit mix of (8) two-bedroom & one-bathroom apartments, totaling approximately 5,744 RSF.​

Golden Towers offers an investor the opportunity to purchase a stabilized, irreplaceable investment property in one of the strongest rental markets in Miami-Dade County, where vacancies are virtually non-existent.

This investment provides great cash flow day one of acquisition and the opportunity to increase rents by 13%+.​

Furthermore, a new owner can add value to the real estate by installing impact resistant windows and onsite laundry facility, which will significantly increase the investment’s income and value

Highlights

• ​Large Units
• ​Value-add opportunity to increase rents 10%+
• Proforma Gross Potential Rent: $158,400
• ​New hurricane impact windows, new plumbing, and new electrical panels
• ​Located just outside of Allapattah, Minutes away from Wynwood, Midtown, Design District and Edgewater
• ​Fully Occupied

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