John DeMarco with Re/Max 5 Star Realty is pleased to present the sale of a 570 NE 68th St, Miami, Florida. This 8 unit multifamily building is located in an extremely desirable area within the upper east side district of Miami. It is in close proximity to Biscayne Blvd and only few minutes from Miami Beach. The physical property consists of 3,796 leasable SF, well situated on a large 7,200 sf lot. Once up and running as a vacation rental, this property is projected to generate over $301,440 annual gross income. Using a conservative $120 p/night rate and 20 days occupancy rate, projected net income will $249,531, which will provide an investor with a strong 7.31% capitalization rate at a full asking price.
Courtesy of: RE/MAX 5 Star Realty MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. Updated: 21st October, 2021 5:53 PM