Basics
- Lot Size Units: Square Feet
- Category: Commercial Sale
- Type: Multi Family
- Status: Active
- Bathrooms: 0
- Year built: 1918
- MLS ID: A11551329
Description
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Description:
Great income producing investment opportunity in Little Havana. 10 UNITS. This property is comprised of a fully renovated 8 unit apartment building consisting of one bedroom one bathroom units and a single-family home. Current ownership is operating the single-family home as a duplex with 2Br/1Ba in each unit for a total of 10 rental units. The 1/1s are currently rented at an average of $1800 per month. The single family is producing $4,000 per month. Current annual gross income of $155,100.00. Proforma gross income of $263,400. Property has new floors, new kitchen, new AC mini splits, and new bathrooms. Stainless steel appliances. Separate electric meters. Pro forma cap rate of 6.1%
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Property details
- Total Building Area: 5898
- Lot Size Square Feet: 7500
- Parcel Number: 01-41-38-003-3310
- Lot Size Area: 7500
- Structure Type: Multi Family
Property Features
- Covered Spaces: 0
Location Details
- County Or Parish: Miami-Dade County
- Zoning Description: 3900
Fees & Taxes
- Tax Annual Amount: 17712
- Tax Legal Description: BRICKELLS RIVERVIEW PB 5-43 LOT 7 BLK 4 LOT SIZE 7500 SQUARE FEET OR 19827-3250 07 2001 2 (2)
Miscellaneous
- Public Survey Section: 38
- Syndication Remarks: 10 UNITS FOR SALE IN MIAMI. CASH FLOWING. 8-1/1s AND 2-2/1s. Current Annual gross income $155,100.00. Proforma income $263,400. Proforma cap rate 6.1%
- Virtual Tour URL: https://www.propertypanorama.com/instaview/mia/A11551329
Ask our real estate expert about this property
This Multi Family-type commercial real estate is located in 2nd St, Miami, was built in 1918, and is listed at $2,299,000.