- For sale
Colliers is pleased to present the opportunity to acquire Gary Avenue Apartments, a unique 18-unit multifamily property located in North Beach on Park View Island, walking distance from North beach Town Center. The property is positioned directly on Gary Avenue, which faces the intercoastal and is in close proximity to Miami’s most popular beaches, resorts, and restaurants.
7291 Gary Avenue is an ideal investment opportunity for investors looking for a light value-add deal in a strong rental market with significant upside. The property consists of 18 units, which feature a mix of one-bedroom and two-bedroom units as well as one studio. Potential buyers will have the opportunity to raise rents by 40 percent after slightly improving the units. This is proven by rents already achieved within the building in recently updated units. Property will be delivered with Hurricane impact doors/windows, newly painted exterior, Newly done landscaping and irrigation, New modern fence in the front , and new washer/dryer station.