Commercial Real Estate

Basics

  • Category:
  • Type:
  • Status:
  • Bathrooms: 0
  • Floors: 2
  • Lot size: 13507, 13507 sq ft
  • Year built: 1969
  • County: Miami-Dade
  • Lease Term: TwelveMonths
  • MLS ID: A11738279

Description

  • Description:

    BRADDOCKS SUB NO 4 PB 3-61 LOTS 18 THRU 21 BLK 9 & N1/2 OF ALLEY LYG S & ADJ CLOSED ORD 13492 LOT SIZE 13507 SQ FT M/L Fully rented and updated 12 units Multifamily Investment 6.3% CAP RATE.This multifamily offers 8 spacious 2-bedroom/1-bath units and 4 large 2-bedroom + den/1-bath units, all meticulously upgraded with 16 parking spaces Brand new roof, high-impact windows, new electrical and plumbing, modern kitchens with new appliances, brand new A/C units, stylish flooring and fresh paint throughout ensure a hassle-free investment. Additional features include a new laundry facility, mechanical room, and a fully gated property with a monitored security camera system. Centrally located near Jackson Memorial,Miami International Airport, and major highways,this property is ideal for stable rental income.A true peace-of-mind investment with a strong 6.3% CAP rate!Don’t miss out—easy to show and won’t last!

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Location

  • Directions: USE GPS
  • Lot Size Acres: 0.31 acres

Building Details

  • Building Name: 1630
  • Structure Type: MultiFamily
  • Water Source: Public
  • Sewer: PublicSewer
  • Construction Materials: Block
  • Covered Spaces: 0
  • Levels: Two
  • Number Of Buildings: 1
  • Floor covering: ,

Amenities & Features

  • Parking Features: Assigned,Other
  • Security Features: SecuritySystem,Fenced,Other,SmokeDetectors
  • Roof: Concrete
  • Window Features: ImpactGlass
  • Cooling: CentralAir
  • Heating: Central

Expenses, Fees & Taxes

  • Trash Expense: $6,974
  • Utilities Expense: $5,332
  • Operating Expense: $77,897
  • Tax Annual Amount: $31,540
  • Insurance Expense: $11,500
  • Tax Year: 2024

Miscellaneous

  • List Office Name: One Sotheby's International Realty
  • Listing Terms: Assumable,Conventional

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This -type commercial real estate is located in FL, Miami was built in 1969, and is listed at $3,890,000.

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