3500 NW 3 Avenue Miami, FL 33127
4031 sq ft Building
6950 SQ FT (LOT)
1956
8 Available
$495,000
Map
 
PROPERTY DESCRIPTION
 
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!
PROPERTY SPECIFICS:
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
WATER
$4,400 per year
ELECTRIC
$450 per year
INSURANCE
$3,900 per year
   
Total Monthly
$5,200
Total Annually
$62,400
NOI
$39,655
PGI
N/A
   
Associate
Tony Cho