$2,260,000
$2,480,000
8.9%For more information regarding the value of a property, please contact us for a free consultation.
1829 NW 2nd Ct Miami, FL 33136
8,178 SqFt
Key Details
Sold Price $2,260,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 8,178 sqft
Price per Sqft $276
MLS Listing ID A11139043
Sold Date 06/02/22
Construction Status Resale
HOA Y/N No
Year Built 1942
Annual Tax Amount $10,717
Tax Year 2021
Contingent No Contingencies
Lot Size 7,500 Sqft
Property Sub-Type Multi Family
Property Description
Fausto Commercial is pleased to present this exceptional Overtown 16-unit Multifamily Apartment Building. The property consists of 16 one-bedroom/one-bathroom units totaling 8,178 rentable square feet. Property is a 1940's vintage with a new roof, new railing, and new fire alarms installed in the last 5-years. Solid opportunity for someone interested in renovating and adding value to this multifamily income property. Seller is intending on delivering approved permits for a full gut renovation for the property. It is situated on 7,500 Sq Feet of land. This exceptional property is being offered for sale at $2,480,000. After renovation and renting the units at market rent, the year one cap is expected to be at 7%.
Location
State FL
County Miami-dade County
Area 31
Exterior
Private Pool Yes
Building
Story 2
Level or Stories Two
Construction Status Resale
Others
Tax ID 01-31-36-029-0020
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Fausto Commercial Realty Consultants Inc
GET MORE INFORMATION