1652 N Tamiami Trail

Property Details

Price $3,125,000

No. Units 26

Building Size 9,888 SF

Total Lot Size 3.27 AC

Property Type Multifamily

Cap Rate 5.80%

No. Stories 1

Building Class C

Year Built 1950

Highlights

Opportunity to Acquire Two Adjacent Cash Flowing Assets Creating Operational Efficiencies

Fully Occupied by Tenants Backed by the Salvation Army, Providing Investors With Stable Collections

Located Within the Fastest Growing U.S. City in 2020 (WalletHub)

Situated Near Three Major Hospitals (3,000+ Employees)

Ability to Switch Electricity Expense Responsibility to Tenants Shortly After Acquisition

19.78% Upside in Net Operating Income By Incrementally Growing Rents and Recapturing In-Place Loss-To-Lease