167 38th St ,Commercial Lease for Sale & Rent

167 38th St for Sale & Rent

Price $2,990,000.00

• Lot size 5928
• Year Build 1925
• Waterfront
• Zip 33127
• Style
• Parking Description Free Parking, On Street
• Pool Yes
• Status Active

Description

Are you looking for a cash flow producing income property every month? 167 NW 38th St. Is a lovely remodeled, gated 8-Unit property adjacent to the Miami Design District and just 10 minutes by car to the Miami International Airport and to the Beach. The property has undergone a complete gut renovation over the past 3 years. All permits have been finalized and closed. 40-year recertification in 2020. Certificate of Occupancy in 2022. The property is currently being marketed 100% occupied as a short-term income-producing property, its T4-O commercial zoning, it has many other uses By Right including multifamily, bed and breakfast, Inn, offices, and much more. Unique development like that in this hottest area in Miami.

PRINCESS PARK PB 6-87 LOT 16 BLK 5 LOT SIZE 50.000 X 100 OR 20439-1279 05 2002 1 CASE NO 14-20028-TSH OR 31107-2946

City Location

Are you looking for a cash flow producing income property every month? 167 NW 38th St. Is a lovely remodeled, gated 8-Unit property adjacent to the Miami Design District and just 10 minutes by car to the Miami International Airport and to the Beach. The property has undergone a complete gut renovation over the past 3 years. All permits have been finalized and closed. 40-year recertification in 2020. Certificate of Occupancy in 2022. The property is currently being marketed 100% occupied as a short-term income-producing property, its T4-O commercial zoning, it has many other uses By Right including multifamily, bed and breakfast, Inn, offices, and much more. Unique development like that in this hottest area in Miami.

City:Miami,Zoning:4801,List A O R:A-Miami Association of REALTORS,Stories:2,Flooring:1:Vinyl,Latitude:25.8120066,Cooling Y N:1,Heating Y N:1,List Price:2990000,Listing Id:A11326188,Longitude:-80.198861,Mls Status:Active,Ownership:Corporation,Year Built:1925,Inclusions:Building & Land,Furniture, Equipment,Furniture/Fixtures,Inventory,License,Postal Code:33127,Street Name:38th St,Coordinates:1:25.8120066,Photos Count:23,Business Type:1:Hotel/Motel,Days On Market:119,Listing Terms:1:Other Lease Terms,2:Sub-Lease,3:All Cash,4:Conventional/Refinance,5:Cryptocurrency,Lot Size Units:Square Feet,On Market Date:2023-01-16,Parcel Number:01-31-24-021-0890,Property Type:Commercial Sale,Stories Total:2,Street Number:167,Open Parking Y N:1,Public Remarks:Are you looking for a cash flow producing income property every month? 167 NW 38th St. Is a lovely remodeled, gated 8-Unit property adjacent to the Miami Design District and just 10 minutes by car to the Miami International Airport and to the Beach. The property has undergone a complete gut renovation over the past 3 years. All permits have been finalized and closed. 40-year recertification in 2020. Certificate of Occupancy in 2022. The property is currently being marketed 100% occupied as a short-term income-producing property, its T4-O commercial zoning, it has many other uses By Right including multifamily, bed and breakfast, Inn, offices, and much more. Unique development like that in this hottest area in Miami.,Structure Type:1:Hotel/Motel,County Or Parish:Miami-Dade County,Expiration Date:2023-07-16,List Office Name:Luxe Properties,Standard Status:Active,Window Features:1:Complete Impact Glass,Living Area Units:Square Feet,Major Change Type:Price Decrease,Parking Features:1:On Street,Postal Code Plus4:2941,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:NW,Tax Annual Amount:15202,Unparsed Address:167 NW 38th St, Miami FL 33127,Listing Agreement:Exclusive Right To Sell,Security Features:1:Smoke Detector(s),2:Fire Sprinkler System,3:Security Fence,4:Security Gate,5:Security Lights,Year Built Details:Resale,Building Area Total:5928,Building Area Units:Square Feet,Lease Assignable Y N:1,Lease Considered Y N:1,Lot Size Square Feet:5000,M I A M I R E_ For Sale Y N:1,Original List Price:3500000,Previous List Price:3000000,Public Survey Range:31,I D X Participation Y N:1,M I A M I R E_ For Lease Y N:1,Syndication Remarks:Are you looking for a cash flow producing income property every month? 167 NW 38th St. Is a lovely remodeled, gated 8-Unit property adjacent to the Miami Design District and just 10 minutes by car to the Miami International Airport and to the Beach. The property has undergone a complete gut renovation over the past 3 years. All permits have been finalized and closed. 40-year recertification in 2020. Certificate of Occupancy in 2022. The property is currently being marketed 100% occupied as a short-term income-producing property, its T4-O commercial zoning, it has many other uses By Right including multifamily, bed and breakfast, Inn, offices, and much more. Unique development like that in this hottest area in Miami.,Listing Contract Date:2023-01-16,Originating System I D:miamire,Public Survey Section:24,Showing Instructions:Call Listing Agent,Street Number Numeric:167,Tax Legal Description:PRINCESS PARK PB 6-87 LOT 16 BLK 5 LOT SIZE 50.000 X 100 OR 20439-1279 05 2002 1 CASE NO 14-20028-TSH OR 31107-2946,Green Energy Efficient:1:HVAC,2:Insulation,3:Lighting,4:Roof,5:Water Heater,Public Survey Township:31,Construction Materials:1:Sheet Rock,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:0.1%,Contract Status Change Date:2023-01-16,Internet Address Display Y N:1,Number Of Units In Community:8,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,Transaction Broker Compensation:2.0%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,Internet Automated Valuation Display Y N:1,