$1,600,000

Investment opportunity in the heart of Miami. This 8-unit multifamily property sits just off Douglas Road between 8th St and Coral Way. It’s minutes from Coral Gables, Miracle Mile, Brickell, Downtown and Miami International Airport, with easy access to major highways. Few rental locations in Miami-Dade are this central or this much in demand. The unit mix is four 2/1s, two 1/1s and two studios. The property also has on-site paid laundry for extra income and 8 parking spaces. Six of the 8 units are occupied and every tenant is month-to-month, so there’s immediate upside. It’s a strong fit for an investor who wants value-add potential in a location that holds its value.