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%
Property Details
Price:
$2,299,000
MLS #:
A11551329
Status:
Active
Beds:
0
Baths:
0
Address:
850 NW 2nd St
Type:
Commercial
Subtype:
Income/MultiFamily
City:
Miami
Listed Date:
Mar 15, 2024
State:
FL
Finished Sq Ft:
5,898
ZIP:
33128
Year Built:
1918
See this Listing
Mortgage Calculator
Schools
Interior
Exterior
Financial
Buyer Agent Compensation
2%%
Taxes
$17,712
Map
Community
- Address850 NW 2nd St Miami FL
- CityMiami
- CountyMiami-Dade County
- Zip Code33128
Similar Listings Nearby
- 1053 NW 29 St
Miami, FL$2,986,000
1.98 miles away
- 830 SW 8th Ct
Miami, FL$2,950,000
0.68 miles away
- 3811 Grand Ave
Miami, FL$2,950,000
4.37 miles away
- 427 SW 7th St # 5
Miami, FL$2,950,000
0.71 miles away
- 825 SW 8th Ct
Miami, FL$2,950,000
0.67 miles away
- 820 SW 8th Ct
Miami, FL$2,950,000
0.67 miles away
850 NW 2nd St
Miami, FL
LIGHTBOX-IMAGES