Commercial Real Estate

Basics

Description

  • 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%

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This -type commercial real estate is located in 2nd St, Miami, was built in 1918, and is listed at $2,299,000.

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