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4031 sq ft Building |
6950 SQ FT (LOT) |
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PROPERTY
DESCRIPTION |
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An income generating eight unit multi-family building in a great location within walking distance to The Shops at Midtown which hosts shopping, dining and entertainment. The neighborhood has been going through its own revival over the past three years, so this is an excellent opportunity to benefit from the trending growth. The building features two story concrete construction with terrazzo floors on both stories, a roof in good condition, well-maintained units, and good income. In addition this property has just been recently renovated. If you are looking for a solid building in good condition that generates good numbers this investment is a value play you should consider. There is upside both in the rents and in the neighborhood so take advantage of the market today!
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PROPERTY
SPECIFICS: |
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ADDRESS: |
3500 NW 3 Avenue Miami, FL 33127 |
PRICE: |
$495,000 |
BUILDING
SIZE: |
4,031 SQ FT |
LOT SIZE: |
6,950 SQ FT |
TOTAL
# UNITS: |
8 |
CEILING
HEIGHT |
N/A |
INCOME |
N/A |
EXPENSES |
$19,985 |
TRASH |
$2,496 per year
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WATER |
$4,400 per year
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ELECTRIC |
$450 per year
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INSURANCE |
$3,900 per year
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Total Monthly |
$5,200 |
Total Annually |
$62,400 |
NOI |
$39,655 |
PGI |
N/A |
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Associate |
Tony Cho |
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