Property 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%
Address Map
FL
Miami-Dade County
Miami
33128
850 NW 2nd St
W81° 47' 28.2''
N25° 46' 30.9''
MLS Addon
850 NW 2nd St, Miami, Florida 33128
$2,299,000
7,500 size sq.ft.
Listing ID #A11551329
Basic Details
Property Type Commercial Sale
Listing Type For Sale
Listing ID A11551329
Price $2,299,000
Year Built 1918
Days on Market 6
Building Area 5,898 Sqft
Status Active
Property SubType Income/multifamily
Lot Area 7,500 Sqft
List Date 2024-03-16
On Market Date 15/03/2024
MiamiInvestrealty
