1829 2nd Ct ,Commercial for Sale & Rent

1829 2nd Ct for Sale & Rent

Price $2,480,000.00

  • Lot size 8178
  • Year Build 1942
  • Waterfront
  • Zip 33136
  • Style
  • Parking Description Other, On Street
  • Pool Yes
  • Status Active
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Description

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%.

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

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%.

City:Miami,Zoning:5700,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2021,List Price:2480000,Listing Id:A11139043,Mls Status:Active,Year Built:1942,Inclusions:Building & Land,Postal Code:33136,Street Name:2nd Ct,Coordinates:1:25.7934034,Photos Count:4,Business Type:1:Residential-Multi-Family,Days On Market:24,Lot Size Units:Square Feet,On Market Date:2021-12-24,Parcel Number:01-31-36-029-0020,Property Type:Commercial Sale,Stories Total:2,Street Number:1829,Open Parking Y N:1,Public Remarks: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%.,County Or Parish:Miami-Dade County,Expiration Date:2022-12-22,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Parking Features:1:On Street,Postal Code Plus4:1649,State Or Province:FL,Street Dir Prefix:NW,Tax Annual Amount:10717,Unparsed Address:1829 NW 2nd Ct, Miami FL 33136,Listing Agreement:Exclusive Right To Sell,Security Features:1:Smoke Alarm,2:Smoke Detector(s),3:Security Fence,4:Security Gate,Year Built Details:Resale,Building Area Total:8178,Building Area Units:Square Feet,Lot Size Square Feet:7500,Number Of Buildings:1,Original List Price:2480000,Public Survey Range:31,I D X Participation Y N:1,Syndication Remarks: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%.,Listing Contract Date:2021-12-24,Originating System I D:miamire,Public Survey Section:36,Showing Instructions:24 Hour Notice,Appointment Only,Call Listing Agent,Street Number Numeric:1829,Tax Legal Description: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,Electric On Property Y N:1,Public Survey Township:31,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2%,Contract Status Change Date:2021-12-24,Internet Address Display Y N:1,Number Of Units In Community:16,Internet Consumer Comment Y N:1,Transaction Broker Compensation:2%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,Internet Automated Valuation Display Y N:1,

  • Price $2,480,000.00
  • Price Change: 2021-12-21
  • Lot size sq. ft.
  • Price per sq.ft.
  • Year Build 1942
  • Waterfront
  • View
  • Pool Yes
  • Style
  • Construction
  • Parking Description Other, On Street
  • Flooring Type
  • Property Type Commercial Sale
  • Status Active
  • Listed 2021-12-21
  • Days on Market 26
  • Furnished
  • City Miami
  • Zip 33136
  • State Florida
  • Subdivision
  • Development Name
  • HOA Fees
  • Taxes 10717
  • Taxes Year 2021