FLAMINGO GARDENS
1400 NW 95th St, Miami, FL 33147
0
Units
$ 0 M USD
Purchase Price
$ 0 K USD
Renovation to interior exterior of the property
Sold
business plan & results
The property required light interior renovation of empty units, recycling the current rent roll, and improving bad debt due to poor management. The property was successfully stabilized and put up for sale.
site & Project
The site consisted of 36 apartments situated in 2.85 Acres in Miami, FL, in the Pinewood submarket. Property is bordered to the north by NW 95th Street which is a major east-west thoroughfare that travels through Miami-Dade County and provides quick access to Interstate 95 to the east. North Shore Medical Center is one block to the east and Miami Central Senior High School and William H. Turner Technical Arts High School are two blocks to the west.
sub-market
Miami ranked 9th in the U.S. for business activity, human capital, information exchanges, cultural experience and political engagement. With its close vicinity to Port Miami and Miami International Airport, tourism is a major component of the City’s economy. Miami is home to one of the largest concentrations of internationals banks, with majority of the banks being in the Miami Brickell area. With one of the tallest skylines in the United States, Miami City is the heart of South Florida and is a global leader in terms of multicultural growth and business development.