17050 NW 55th Avenue, Miami FL 33055

Fausto Commercial is pleased to present the Barbella Gardens Apartments at 17050 NW 55th Avenue in Miami Florida.  This is an 11-unit apartment community located in the city of Miami. The property consists of 8 three-bedroom/two-bathroom apartments and 2 two-bedroom/one-bathroom apartments units totaling 15,506 Square Feet. This property was built in 1994 and it is fully renovated. It’s situated on a 30,311 Square  Feet of land. The property is being offered for sale at $2,850,000 representing a 3.77% cap rate based on current in-place income which is significantly under market.  After increasing rents to market average, the year one cap is expected to rise to 5.33%. The three-bedroom/two bathroom are renting in the area between $1,700 and $1,800 and the two-bedroom/one-bathroom are renting for $1,500.

These beautiful apartments feature titles throughout, updated kitchens, updated bathrooms, stainless steal appliances and central A/C. The building is centrally located near Miami Lakes, walking distance from the YMCA, shopping centers, Palmetto Expressway, I75 and Turnpike.


Price : $2,850,000.00
Property Type : Multi-family
Property Sub-type : Free Standing
Property use : Investment
Status : Sale
Building Size : 15506 Square Feet
Lot Size : 30311
Address : 17050 NW 55 Ave
State : FL
Zip Code : 33055
City : Miami

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Vicente Rodriguez
  • : 305 510 6627
  • : VR@FaustoCommercial.com
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