Rare Opportunity to Acquire a New Construction Apartment Development in South Florida. Avenu Heights is a Boutique Building consisting of 15 Residential Units. Prime location in Little Havana less than one mile from Downtown Miami. The project consists of 9,768 SF of Living Area on 7,500 Sq Ft Lot. Project is Estimated to be completed by the end of 2019. Building consists of 15 One-Bedroom/One-Bathroom Units. Street Parking available and conveniently located close to Public Transportation. Project can potentially be Rented Daily or Short-Term. The unit amenities include Hurricane Impact Windows and Doors, Granite Counter Tops in the Kitchen, Ceramic Tile Floors, Central Air Conditioning, Washer and Dryer. Lower Operating Expenses with Separate Water and Electric Meters. Benefits of owning a New Construction Building with Lower Repairs/Maintenance and Lower Insurance Premiums.
Avenu Heights is for sale for $3,200,000
Cap Rate: 6.3% EGI: $24,735 monthly NOI: $220,020