Basic Information
- MLS # A10998883
- Type Multi Family
- Status Closed
- Year Built 1946
- Total Sqft 12,500
- Date Listed 02/13/2021
- Days on Market 78
6% cap as is 7% in 6 months. Incredible opportunity for investors. Can be transformed in AIRBNB or REDEVELOPED (14 units) Close to Aventura, Wynwood and downtown Miami. 1 block from Biscayne, Aldi supermarket, new Dunkin Donuts, Citibank and Fontana Shops. Plenty of parking. This is a 7 units being used as a 5 units 2x 2bed/2bath + 3x 1/1. Building being renovated. Most of the work already done.Step in now and keep the upside. Enjoy a 7% cap while you wait for the appreciation. Huge 12,500 sqf corner lot that can be redeveloped to 14 units or used as an AIRBNB for short term rentals and bring a 20% return. Actually: Units 1 and 2 - 2Bed 2Baths rented at $1,650 Each Units 3, 4, 5 - 1Bed/1Baths rented at $1,150 each See Rent roll survey and floor plan in attachments
Amenities
Exterior Features
- Waterfront No
- Parking Spaces 0
- Pool No
- Parking Description
- Style Multi Family
Interior Features
- Adjusted Sqft 12,500Sq.Ft
- Sqft 12,500 Sq.Ft
Property Features
- Address 1293 NE 109th St
- Aprox. Lot Size 12,500
- Furnished Info no
- Listing Terms Cash, Conventional, Cryptocurrency, Exchange1031
- Subdivision Complex
- Subdivision Info
- Tax Amount $6,865
- Tax Legal desc 32 52 42 AMD PL BAY RIDGE PB 20-8 LOTS 13 & 14 BLK 5 LOT SIZE 100.000 X 125 OR 18340-1823 1098 1
- Tax Year 2020
- Terms Considered Cash, Conventional, Cryptocurrency, Exchange1031
- Type of Property Multi Family
1293 NE 109th St
Miami, FL 33161Similar Properties For Sale
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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Casa USA Brokers. tel: 305-491-4949
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