420 70th St ,Apartments for Sale & Rent

420 70th St for Sale & Rent

Price $1,200,000.00

  • Lot size 10200
  • Year Build 1954
  • Waterfront
  • Zip 33138
  • Style
  • Parking Description
  • Pool Yes
  • Status Pending
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Description

Awesome Opportunity Awaits! Location, Location, Location! Rare 6-unit income producing complex with two detached buildings in the Palm Grove/Ironside neighborhood in the heart of the MiMo District. Near Magic City, Design District, Midtown and Wynwood. All 6 units currently rented with below market rents. Perfect for an investor looking for great short-term value-add or long-term hold equity growth in one of Miami?s most burgeoning neighborhoods. Building #1 has four 1 bed-1 bath units and Building 2 has one 2 bed-1bath unit plus a studio unit, all fenced in for privacy. Possibility to add two more units or increase height to 3 stories per Miami 21 T4-R zoning, with entitled multi-family use, bed and breakfast use by Warrant, or educational use by Exception. Please do not disturb tenants.

For showings use the Showingtime App or Call/Text Shane Graber @ 305.606.2200. Please DO NOT walk onto property or disturb tenants. See attachments for current financials, survey, and other docs.

BAYWOOD PB 5-85 LOT 7 & 8 BLK 5 LOT SIZE 10200 SQUARE FEET OR 19734-2616 06 2001 1

City Location, Corner Lot

Awesome Opportunity Awaits! Location, Location, Location! Rare 6-unit income producing complex with two detached buildings in the Palm Grove/Ironside neighborhood in the heart of the MiMo District. Near Magic City, Design District, Midtown and Wynwood. All 6 units currently rented with below market rents. Perfect for an investor looking for great short-term value-add or long-term hold equity growth in one of Miami?s most burgeoning neighborhoods. Building #1 has four 1 bed-1 bath units and Building 2 has one 2 bed-1bath unit plus a studio unit, all fenced in for privacy. Possibility to add two more units or increase height to 3 stories per Miami 21 T4-R zoning, with entitled multi-family use, bed and breakfast use by Warrant, or educational use by Exception. Please do not disturb tenants.

City:Miami,Zoning:3900,Cooling:1:Wall/Window Unit(s),List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2021,Flooring:1:Wood,Cooling Y N:1,Heating Y N:1,List Price:1200000,Listing Id:A11146006,Mls Status:Pending,Year Built:1954,Directions:On NE 2nd Ave, turn onto NE 71st St, then turn right onto NE 4th Ct and turn left onto NE 70th St and the destination will be on the right.,Inclusions:Building & Land, Leases,Postal Code:33138,Street Name:70th St,Tenant Pays:1:Water,Contingency:No Contingencies,Coordinates:1:25.8394336,Lot Features:1:Corner Lot,Photos Count:72,Days On Market:5,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,On Market Date:2022-01-12,Parcel Number:01-32-18-004-0910,Property Type:Commercial Sale,Stories Total:1,Street Number:420,Off Market Date:2022-01-17,Public Remarks:Awesome Opportunity Awaits! Location, Location, Location! Rare 6-unit income producing complex with two detached buildings in the Palm Grove/Ironside neighborhood in the heart of the MiMo District. Near Magic City, Design District, Midtown and Wynwood. All 6 units currently rented with below market rents. Perfect for an investor looking for great short-term value-add or long-term hold equity growth in one of Miami?s most burgeoning neighborhoods. Building #1 has four 1 bed-1 bath units and Building 2 has one 2 bed-1bath unit plus a studio unit, all fenced in for privacy. Possibility to add two more units or increase height to 3 stories per Miami 21 T4-R zoning, with entitled multi-family use, bed and breakfast use by Warrant, or educational use by Exception. Please do not disturb tenants.,County Or Parish:Miami-Dade County,Expiration Date:2022-07-12,Standard Status:Pending,Living Area Units:Square Feet,Major Change Type:Pending,Postal Code Plus4:5631,State Or Province:FL,Street Dir Prefix:NE,Tax Annual Amount:8690,Unparsed Address:420 NE 70th St, Miami FL 33138,Listing Agreement:Exclusive Right To Sell,Operating Expense:21633,Security Features:1:Security Fence,Building Area Total:3496,Building Area Units:Square Feet,Lot Size Square Feet:10200,Number Of Buildings:2,Original List Price:1200000,Public Survey Range:32,Documents Available:1:Financial Statement,2:Copy Of Lease(S),3:Other Available Information,4:Photos,5:Rent Rolls,I D X Participation Y N:1,Net Operating Income:65967,Syndication Remarks:Awesome Opportunity Awaits! Location, Location, Location! Rare 6-unit income producing complex with two detached buildings in the Palm Grove/Ironside neighborhood in the heart of the MiMo District. Near Magic City, Design District, Midtown and Wynwood. All 6 units currently rented with below market rents. Perfect for an investor looking for great short-term value-add or long-term hold equity growth in one of Miami?s most burgeoning neighborhoods. Building #1 has four 1 bed-1 bath units and Building 2 has one 2 bed-1bath unit plus a studio unit, all fenced in for privacy. Possibility to add two more units or increase height to 3 stories per Miami 21 T4-R zoning, with entitled multi-family use, bed and breakfast use by Warrant, or educational use by Exception. Please do not disturb tenants.,Listing Contract Date:2022-01-12,Originating System I D:miamire,Public Survey Section:18,Showing Instructions:24 Hour Notice,Appointment Only,Showing Assist,Street Number Numeric:420,Tax Legal Description:BAYWOOD PB 5-85 LOT 7 & 8 BLK 5 LOT SIZE 10200 SQUARE FEET OR 19734-2616 06 2001 1,Gross Scheduled Income:87600,Public Survey Township:32,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:0.25%,Contract Status Change Date:2022-01-17,Internet Address Display Y N:1,Number Of Units In Community:6,Internet Consumer Comment Y N:1,Dual Variable Compensation Y N:1,Transaction Broker Compensation:3%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,Internet Automated Valuation Display Y N:1,

  • Price $1,200,000.00
  • Price Change: 2022-01-12
  • Lot size sq. ft.
  • Price per sq.ft.
  • Year Build 1954
  • Waterfront
  • View
  • Pool Yes
  • Style
  • Construction Concrete Block Construction
  • Parking Description
  • Flooring Type Tile, Wood
  • Property Type Commercial Sale
  • Status Pending
  • Listed 2022-01-12
  • Days on Market 10
  • Furnished
  • City Miami
  • Zip 33138
  • State Florida
  • Subdivision
  • Development Name
  • HOA Fees 0
  • Taxes 8690
  • Taxes Year 2021