Income producing property on 2+/- acres corner lot
Current NOI $161k w/ owner running Airbnb in 1 unit, projected NOI $244.7k
*SELLER FINANCING *
Drone footage and Financials available upon request
1x 3-unit structure (built 2019), 1x 2-unit structure (built 2012), 1x 1bed, plus1 RV being used as an apartment, room to add more RV’s or build your very own ranch home
Total monthly income $14,350. Projected monthly $21,200 gross w/ Section 8 (source: HudUser) Since Housing Authority is severely in need of more Sec. 8 Landlords, potential to earn even higher premiums on rents. Buyer responsible for all DD. Has coin laundry, nursery, fruit trees ,well water, 2 electric gates(2 private entrances). Horse stable can be rented out for add’l $
All structures on the property are legal
Current NOI $161k w/ owner running Airbnb in 1 unit, projected NOI $244.7k
*SELLER FINANCING *
Drone footage and Financials available upon request
1x 3-unit structure (built 2019), 1x 2-unit structure (built 2012), 1x 1bed, plus1 RV being used as an apartment, room to add more RV’s or build your very own ranch home
Total monthly income $14,350. Projected monthly $21,200 gross w/ Section 8 (source: HudUser) Since Housing Authority is severely in need of more Sec. 8 Landlords, potential to earn even higher premiums on rents. Buyer responsible for all DD. Has coin laundry, nursery, fruit trees ,well water, 2 electric gates(2 private entrances). Horse stable can be rented out for add’l $
All structures on the property are legal
Property Details
Price:
$1,999,999
MLS #:
A11455907
Status:
Active
Beds:
0
Baths:
0
Address:
16020 SW 208th Ave
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
Redlands
City:
Miami
Listed Date:
Sep 19, 2023
State:
FL
Finished Sq Ft:
3,335
ZIP:
33187
Year Built:
2015
Units:
7
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Schools
Interior
Cooling
Ceiling Fan(s), Central Air, Wall/ Window Unit(s)
Flooring
Tile, Vinyl
Heating
Central, Electric, Window/ Wall
Exterior
Architectural Style
Detached, Ranch
Construction Materials
Concrete Block With Brick, C B S Construction
Exterior Features
Fruit Trees, Room For Pool
Other Structures
Stable(s)
Parking Spots
15
Roof
Shingle
Financial
Buyer Agent Compensation
2%%
Tax Year
2022
Taxes
$1,173
Map
Community
- Address16020 SW 208th Ave Miami FL
- CityMiami
- CountyMiami-Dade County
- Zip Code33187
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16020 SW 208th Ave
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