48 NW 13TH AVE

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48 NW 13TH AVE

Miami, FL 33125
Asking Price
$2.60M
Asset Type
Multifamily
Class
Class B

What's Special

48 NW 13th Ave is located in the Overtown neighborhood of Miami, situated just west of the city's central business district. The property is positioned near major transit corridors, including Interstate 95 and the Dolphin Expressway, providing access to Greater Miami. The local area features a mix of residential buildings and small businesses, with proximity to the healthcare facilities of the Health District and the cultural venues of Wynwood. This multifamily asset is suited for workforce housing or student residential use. The location’s accessibility to downtown Miami and public transit centers makes it a viable option for commuters working in the urban core or health sectors. Prospective tenants would likely include young professionals, hospital staff, and individuals seeking proximity to central employment hubs and city amenities.

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NOI
$80,000
Cap Rate
3.08%
DSCR
0.52
Underwater
Cash-on-Cash
-9.53%
Monthly Payment
$12,863.381
Annual Cash Flow
$-74,360.577

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