Basic Information
- MLS # A11139043
- Type Multi Family
- Status Closed
- Year Built 1942
- Total Sqft 7,500
- Date Listed 12/27/2021
- Days on Market 157
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%.
Amenities
Exterior Features
- Waterfront No
- Parking Spaces 0
- Pool No
- Parking Description Other, On Street
- Style Multi Family
Interior Features
- Adjusted Sqft 7,500Sq.Ft
- Sqft 7,500 Sq.Ft
Property Features
- Address 1829 NW 2nd Ct
- Aprox. Lot Size 7,500
- Furnished Info no
- Listing Terms Cash
- Subdivision Complex
- Subdivision Info
- Tax Amount $10,717
- Tax Legal desc ERICKSONS RESUB LOTS 3 & 4 BLK 17 PB B-156 LOT 2 LOT SIZE 50.000 X 150 OR 20194-1872 0102 4 COC 22122-3762 03 2004 6
- Tax Year 2021
- Terms Considered Cash
- Type of Property Multi Family
1829 NW 2nd Ct
Miami, FL 33136Similar 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: Fausto Commercial Realty Consultants Inc. tel: 305-431-2258
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