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The Hampton House Apartments for Sale in
Miami FL
2745 NW 42nd St
Miami, FL 33142
County: Miami-Dade
Units: 144
Building: 70,000 sq ft
Lot Size: 3 Acres
Occupancy: 91.00%
Price: $5,750,000
Price
Per Unit: $39,931
Cap Rate: 7.00%
NOI: $402,500
Click Here To View PDF With Pictures
Property:
The Hampton House apartments present a unique opportunity in
Miami for the affordable housing investor at a great price per
unit. The apartments are located behind the Historic Hampton
House Hotel site on NW 27th Avenue at 42nd St. along the
Metrorail transit system. The garden style complex consists of
144 units in twelve buildings on three acres of high density
county zoned multifamily and commercial land. The property is
offered with an attractive assumable loan at less than $40,000
per unit and is income producing at the asking price. Call today
for additional details and data.
Location:
Hampton House is located along the Metrorail transit line on
27th Avenue just North of the Airport Expressway. The property
lies behind the Historic Hampton House Hotel, a county funded
restoration project currently underway.
• 144 Units, 12 Buildings on 3 Acres
• Offered at $39,950 Per Unit
• High Occupancy, Excellent Income
• Underlying RU-4 & BU-3 Zoning
• 40 Year Inspections Complete
• Contiguous to Coming Cultural Center and Historic Landmark
Site
One Bed One Bath
Units: 96
Avg. Mo. Rent: $515
Two Bed One Bath
Units: 48
Avg. Mo. Rent: $630
Contact: Jeremy Finer at (305)
776-1314
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Apartment Investments
A Great New Book Full of What Investors
Need to Know.
Comment
Dear
Richard,
Thank You very much for your help on the
financing. The rate turns out to be better than
expected...
Joe D.
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