$2,400,000
$2,699,000
11.1%For more information regarding the value of a property, please contact us for a free consultation.
3079 NW 11th St Miami, FL 33125
15,888 SqFt
Key Details
Sold Price $2,400,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 15,888 sqft
Price per Sqft $151
MLS Listing ID A10962297
Sold Date 04/02/21
Construction Status New Construction
HOA Y/N No
Year Built 1984
Annual Tax Amount $29,074
Tax Year 2020
Contingent Pending Inspections
Lot Size 0.750 Acres
Acres 0.75
Property Sub-Type Multi Family
Property Description
Real Capital Partners is pleased to present 3079 NW 11th St. Miami, Fl. 33125. Great opportunity to purchase a multifamily investment property in a high demand rental area. The property consists of 6 two-story duplex structures with a total of 12 units. Most units are 3BR/2.5 BA and some have converted the living room to a fourth bedroom. The roofs are in good condition and the property has approximately 40 parking spaces. Tenants are all month to month but have resided long-term with some tenants as long as 20 years. The owner is offering financing 5.5% interest only with a minimum down payment of $l.4mm.
The property is generating a 5.52% cap rate on current income. Upon increasing rents to $2,000 per unit, the cap rate will increase to 7.57%.
Location
State FL
County Miami-dade County
Area 31
Interior
Heating Central, Electric
Cooling Central Air
Flooring Ceramic Tile
Exterior
Roof Type Shingle
Total Parking Spaces 40
Private Pool Yes
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Block
Construction Status New Construction
Others
Tax ID 01-31-33-022-0300
Ownership Corporation
Acceptable Financing Cash, Owner May Carry
Listing Terms Cash, Owner May Carry
Financing Cash
Special Listing Condition Real Estate Owned
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Bought with Real Capital Partners LLC
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