Multifamily 78 Unit Portfolio-Rents Below Market

22541 Miami, FL 33125

22541, Miami, FL, 33125
22541, Miami, FL, 33125
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$13,500,000
Last Verified:
May 11, 2020

Green Tree Commercial, Inc. is pleased to present multifamily portfolio with a total of 78 units. The total buildings area is 41,958 Sq. Ft. with a total lot size of 83,350 Sq. Ft.  All buildings are within proximity from each other. Most of the units are one-bedroom units. Investment is easy to manage and rents are well below market value. Actual rents are at about $1.56 per square feet and could easily be brought up closer to $2 per square feet. This would increase the income and raise cap rate. ID#22541


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.