Evanston Heights Properties

Beautiful Home In A Great Location.

5 Units 7.5% Net Cap Rate Based On Projected Taxes After Acquisition. Property Passed The 40 Yrs Certification. Most Of The Tenants Have Been There For Many Years. Total Of 5 Units With 3 Meters. The 5th Unit Rents For $632 A Month. Most Of The Units Rented Below Market Value. Right Next To The Marlins Stadium. Perfect Property For An Investor That Wants A Good Area With A Great Roi. Goi: $57,624

See Attached Offering Memorandum Prior To Requesting Showing. Msp Group Is Pleased To Be The Exclusive Listing Agent For The Rancho Luna Development Site In Miami, Florida. The Site Is A Regularly Shaped, Corner Lot Of 0.53 Acres And Has In An In Place Zoning Designation Of T6 8 O, One Of Miamis Highest Density And Liberal Use Designations. While Multifamily Would Be A Natural Fit For The Site, The Zoning Also Allows For Hotel, Live Work, Office And Various Other Commercial And Entertainment Uses. The Site Is Currently Occupied By The Rancho Luna Restaurant And A Car Wash; Both With Leases That Are Cancellable To Make Way For A New Development. The Storied Rancho Luna Eatery Has Been A Staple In The Neighborhood Since 1962 And The Car Wash Does A Steady And Profitable Business.