Miami, FL 33127
$1,350,000
5-unit multifamily investment in Miami's Allapattah neighborhood offering in-place income, immediate lease-up upside, and longer-term redevelopment optionality. Four 2BR/1BA units plus a legal detached 2BR/2BA, five separate electric meters, and one vacant unit. Historical T-12: NOI, representing a 6.76% cap at the $1.35M asking price. Approx. 6,534 SF site currentlyRead MoreRead Less
Courtesy of Real Estate Sales Force.
Listing Snapshot
Days Online
26
Last Updated
Property Type
Multi Family
Lot Size
0.15 Acres
Year Built
1937
MLS Number
A12077917
30 Days Snapshot Of 33127
$672k
-19%
(avg) sold price
13
+62%
homes sold
41
-8%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Frontage Type: City Street
Building
Construction Materials: Other, Stories: 2, Year Built: 1937, Year Built Details: Resale
Community
Units In Community: 5
Cooling
Cooling: Wall/Window Unit(s)
Expenses
Operating Expense: 17527
Floors
Flooring: Other, Tile
Water Features
Water Source: Public
Income
Gross Income: $108,822, Net Operating Income: $91,295
Lot
Square Feet: 6534
Miscellaneous
Inclusions: Building & Land, Fixtures, Leases
Parking
Parking Total: 10, Features: Assigned
Property
Leasable Area Units: Square Feet
Roof
Roof: Other
Security Features
Features: Other Fire Protection, Smoke Detector(s), Security Gate
Sewer
Sewer: Public Sanitation
Taxes
Parcel Number: 01-31-26-029-0200, Tax Annual Amount: $12,053, Tax Legal Description: 26 53 41 EDEN PARK PB 7-29 LOT 22 LESS S5FT TO CITY LOT SIZE 6650 SQUARE FEET OR 16240-4682 0294 1 COC 25209-1975 12 2006 1
Tenant Pays
Tenant Pays: Electricity, Trash Collection
Windows
Features: Clear Impact Glass
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Eddie Blanco
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