20 Apartments with Church 1180 NW 99th St Immeuble | 2 852 m² | Spécialité | À vendre 4 648 418 € | Miami, FL 33150

1180 NW 99th Street presents an exceptionally rare opportunity to acquire a 2.0-acre mixed-use investment in the heart of Miami featuring a newer 20-unit apartment community built in 2016 together with an existing church across six total structures. The apartment community consists of 12 oversized one-bedroom/one-bath units and 8 oversized two-bedroom/two-bath units, with the majority of tenants benefiting from Housing Choice Voucher (Section 8) assistance, providing a stable and reliable income stream. Constructed in 2016, the residential buildings feature shingle roofs, central air conditioning, hurricane impact windows, and one master water meter, resulting in low ongoing maintenance requirements. The church is currently owner-occupied and not generating rental income, creating an immediate value-add opportunity for new ownership to lease the space and establish an additional revenue stream. Combined with the property's below-market apartment rents, investors have the opportunity to significantly increase net operating income, resulting in a projected pro forma cap rate exceeding 7%. The expansive 2-acre site also offers exceptional long-term redevelopment potential. Ideally located just minutes from Downtown Miami, Miami International Airport, and major transportation corridors including Interstate 95, this is a truly one-of-a-kind investment opportunity combining newer construction, stable cash flow, substantial upside, and valuable land in one of Miami's strongest rental markets.