Miami, FL 33128

Property

Ownership: For Sale
Type: Multi-Family
Lot Size: 0.2 Acres

Financials

Price:$1,999,999
Deborah L. Ginsburg
150 Worth Ave, Palm Beach, FL 33480
Listing Courtesy of The Source Real Estate

Six unit multifamily on a 7, 500 SF lot zoned T6 8 O in Little Havana, one block from the Miami River and minutes from Brickell and Downtown Miami.

Description

Six-unit multifamily on a 7,500 SF lot zoned T6-8-O in Little Havana, one block from the Miami River and minutes from Brickell and Downtown Miami. Two-story CBS building, 4,688 SF, with six identical 2 bedroom / 1 bathroom units, wood-style flooring, wall-mounted A/C and individual electric meters. Five units leased, Unit 4 vacant and ready for market rent. New roof, updated electrical and plumbing, 40-year recertification completed. Gated entry with security fence and cameras, eight parking spaces at the rear and shared on-site laundry. T6-8-O zoning allows 8-story mixed-use development as of right, so the income investor holds long-term redevelopment upside. Seller-confirmed rent roll and expense statement available. Shown by appointment with 24-hour notice.

Amenities

  • Fire Alarm
  • Security Fence
  • Security Gate
  • Smoke Detectors

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.