A Rare Opportunity to purchase the brand new District Apartment Development located in Hialeah, FL. The District is a new construction garden style apartment complex consisting of 39 residential units and 1 detached commercial unit. Project is projected to be finished by May of 2019 with certificates of occupancy.
The District consists of 27 units (2/2’s) ranging from 810 SF to 880 SF and 12 units (1/1’s) that are 630 SF. The commercial buildings consists of 2,750 SF with a projected rent of $4,500 that has many different options of use. There are 83 total parking spaces that are on-site assigned parking spaces.
Unit amenities include the following: Washer and Dryer, Central A/C units, Granite kitchen tops, tile flooring, hurricane impact windows, sprinkler system, and smoke detector alarms.
The District 1.2 is For Sale For $9,900,000
Cap Rate: 5.4% EGI: $57,257 Monthly NOI: $536,444