South Miami Heights, FL High Cap Rate Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in South Miami Heights, Florida Market population: 38K. Browse multifamily, office, retail, industrial, and mixed-use...

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Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

$2,450,000

Miami Multifamily (Condo)

Discover a prime investment opportunity at 136 NW 26th St in Miami, Florida. This Class B multifamily condo property, bu...

Cap Rate %

NOI $0

Size 30,000 SF

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📊 Avg Property Tax Rate For South Miami Heights FL Properties: 1.0600%

📊 Average Income For South Miami Heights FL Commercial Property: $40,437

Investor Questions For South Miami Heights FL

Common questions from investors exploring commercial real estate in South Miami Heights FL.

What's the overall investment outlook for South Miami Heights, FL, considering its demographic and economic trends? +

The city's median household income of $40,437, combined with a poverty rate of 18.1% and a health insurance coverage rate of 77.7%, suggests a working-class market with some employment stability, making it a potential investment opportunity. The top industries, including Construction and Public Administration, also indicate a diverse economy. Additionally, the average commute time of 34.7 minutes and high rate of drove alone commutes may impact rental demand and property values.

How does the ethnic diversity and foreign-born population affect the local real estate market in South Miami Heights? +

The city's diverse population, with 40.2% Hispanic, 33.7% White, and 10.2% Black, and a foreign-born rate of 54.5%, may contribute to a strong demand for rental properties, particularly in areas with high concentrations of these groups. The median property value of $151,200 and median property taxes of $6,098 also suggest a relatively affordable market, which could attract investors looking for rental income opportunities.

What are the implications of the city's income inequality and poverty rate on the quality of tenants and property values? +

The GINI coefficient of 0.428 and poverty rate of 18.1% indicate some level of income inequality, which may impact the quality of tenants and property values. However, the health insurance coverage rate of 77.7% and employed population of 16,417 suggest a relatively stable workforce, which could mitigate some of these risks. Investors should carefully consider these factors when evaluating potential investment properties.

How do the top industries in South Miami Heights, such as Construction and Public Administration, influence the local real estate market? +

The presence of these industries may contribute to a stable demand for housing, particularly for workers in these sectors. The median household income of $40,437 and average commute time of 34.7 minutes also suggest that many residents may be looking for affordable housing options, which could drive demand for rental properties. Investors may want to focus on areas with easy access to these industries and transportation hubs.

What role do health insurance coverage and commute times play in assessing the overall stability and attractiveness of the South Miami Heights real estate market? +

The health insurance coverage rate of 77.7% and average commute time of 34.7 minutes suggest a relatively stable and attractive market. The high rate of health insurance coverage indicates a population with access to healthcare, which can contribute to a more stable workforce and lower tenant turnover. The commute time, while relatively long, is still manageable, and the high rate of drove alone commutes may indicate a strong demand for housing in areas with easy access to transportation corridors.

South Miami Heights FL Real Estate & City Facts

Key facts and real estate information about South Miami Heights FL.

What are some of the best neighborhoods to live in South Miami Heights? +

Some of the best neighborhoods to live in South Miami Heights include the north parts of the city, which tend to be more desired, and the east regions, which offer more affordable homes. Specifically, neighborhoods like High Pines, South Miami Heights, Ludlam, Coral Villas, Sunset, Glenvar Heights, and Pinecrest Villas are popular for investment and living.

What are some fun things to do in South Miami Heights? +

There are plenty of fun things to do in South Miami Heights, including visiting the Monkey Jungle, Cauley Square Renaissance Festival, and Pinto's Farm. You can also explore the scenic spots and local hangouts, such as Dante Fascell Park, Sunset Drive, and the Venetian Pool. Additionally, the Phillip and Patricia Frost Museum of Science is a great place to visit with kids.

What is the food scene like in South Miami Heights? +

The food scene in South Miami Heights is diverse and vibrant, with a range of restaurants serving different cuisines. Some popular spots include Casafinca, Las Flores Mexican, Stephanie's Cafe, Golden Rule Seafood, Da Angelino Cucina Italiana, Barsecco, and Whiskylucan Miami. You can also find great food at Threefold CafÃ©, CafÃ© Bonjour, Pasion del Cielo Coffee, Whisk Gourmet, Sushi Joe, and Poke OG.

What are the pros and cons of living in South Miami Heights? +

The pros of living in South Miami Heights include its affordable housing options, diverse community, and plenty of things to do and see. However, some cons include the area's high crime rate, traffic congestion, and limited job opportunities. Additionally, the city's poverty rate and unemployment rate are higher than the national average, which can be a challenge for some residents.

Is South Miami Heights a good place to live? +

South Miami Heights can be a good place to live for those who value affordability, diversity, and a range of amenities. However, it's essential to carefully consider the pros and cons, including the area's crime rate, traffic, and job market. With its unique blend of cultures, delicious food scene, and scenic spots, South Miami Heights can be an excellent choice for those who are looking for a vibrant and affordable place to call home.

South Miami Heights, FL High Cap Rate Commercial Investment Properties for Sale

Don’t just search properties. See why investors choose REI Capital.

Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

📊 Avg Property Tax Rate For South Miami Heights FL Properties: 1.0600%

📊 Average Income For South Miami Heights FL Commercial Property: $40,437

Investor Questions For South Miami Heights FL

South Miami Heights FL Real Estate & City Facts

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