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$ 950,000
Est. payment | /mo
1,873 SqFt
$ 950,000
Est. payment | /mo
1,873 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,873 sqft
Price per Sqft $507
MLS Listing ID A11828527
HOA Y/N No
Year Built 1948
Annual Tax Amount $9,027
Lot Size 8,300 Sqft
Property Sub-Type Multi Family
Property Description
A prime opportunity in a highly sought-after neighborhood! It's an income-producing multi-family investment with a cap rate of over 3%. Spread across an 8,300 square foot lot, this property is zoned T5-0, allowing for up to 12 units. Currently, all units are rented through Section 8, providing a steady income stream. The existing structure features 1 one bedroom and 4 studio apartments. Its central location offers easy access to the vibrant Design District, major expressways, and is conveniently situated near beautiful beaches and airports.
Location
State FL
County Miami-dade
Area 31
Exterior
Roof Type Other
Total Parking Spaces 3
Private Pool Yes
Building
Structure Type Block
Others
Tax ID 01-31-12-013-0090
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11828527
Listed by Compass Florida, LLC.
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Andrea Smith
Broker | License ID: 383400
5555 Glenridge Conn Ste. 200, Atlanta, Georgia, 30342, United States