River Edge Apartments | 400-420 NW South River Dr
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River Edge Apartments 400-420 NW South River Dr
11 Unit Block of Flats £2,349,899 (£213,627/Unit) 7.44% Net Initial Yield Miami, FL 33128
Investment Highlights
- Great Location
- Excellent Unit Mix
- Fully Renovated
Executive Summary
GREAT CASH FLOW! ACTUAL CAP RATE 7.44%.Great investment opportunity in one of Miami's hottest markets. Located in high demand rental area. 11 units. 2 buildings. Fantastic unit mix of 2/1s. This opportunity is a turnkey investment. Current owners have beautifully renovated each unit with new floors, new bathrooms and new kitchens. The Little Havana market is witnessing incredible rent increases due to the strong rental demand in this area. Located near Brickell and Downtown Miami.
Property Facts
| Price | £2,349,899 | Apartment Style | Low Rise |
| Price Per Unit | £213,627 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Net Initial Yield | 7.44% | Building Size | 6,946 SF |
| No. Units | 11 | Average Occupancy | 90% |
| Property Type | Residential | Number of Floors | 2 |
| Property Subtype | Apartment | Year Built | 1923 |
| Price | £2,349,899 |
| Price Per Unit | £213,627 |
| Sale Type | Investment |
| Net Initial Yield | 7.44% |
| No. Units | 11 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 6,946 SF |
| Average Occupancy | 90% |
| Number of Floors | 2 |
| Year Built | 1923 |
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 11 | - | 607 - 771 |
Walk Score ®
Very Walkable (85)
Transit Score ®
Excellent Transit (82)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £222,210 | |
| Land Assessment | £302,432 | Total Assessment | £524,642 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£302,432
Improvements Assessment
£222,210
Total Assessment
£524,642
zoning
| Zoning Code | T5-L (higher density mixed-use building type) |
| T5-L (higher density mixed-use building type) |
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River Edge Apartments | 400-420 NW South River Dr
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