155 NE 80 Terrace Miami, FL 33138
4808 sq ft Building
10250 SQ FT (LOT)
1969
8 Available
$499,000
Map
 
PROPERTY DESCRIPTION
 
This eight unit apartment building is located close to Miami Shores and within walking distance to major bus routes and roadway NE 2 Avenue. The building is fully leased with month-t- month tenants and has great income. The roof was completely replaced in 2005 with a ten year warranty. Each unit features terrazzo floors. The building features an income generating laundry facility and includes gated parking. The parking ratio is one space per unit. The eight units are broken down into six one bedroom/one bath units measuring 550 square feet and two, two bedroom/one bath units measuring 600 square feet.
PROPERTY SPECIFICS:
ADDRESS:
155 NE 80 Terrace Miami, FL 33138
PRICE:
$499,000
BUILDING SIZE:
4,808 SQ FT
LOT SIZE:
N/A
TOTAL # UNITS:
8
CEILING HEIGHT
N/A
INCOME
N/A
EXPENSES
N/A
TRASH
$1,950 per year
WATER
$1,280 per year
ELECTRIC
Tenants Responsible
INSURANCE
$5,000 per year
   
Total Monthly
$4,940
Total Annually
$59,280
NOI
$46,767
PGI
$63,000
   
Associate
Tony Cho