1431 71 Street ,Apartments for Sale & Rent

1431 71 Street for Sale & Rent

Price $26,500,000.00

• Lot size 196015
• Year Build
• Waterfront
• Zip 33147
• Style
• Parking Description Common
• Pool Yes
• Status Active

Description

GREAT OPPORTUNITY!! THIS PROPERTY HAS BEEN TOTALLY RENOVATED!! 12 TWO STORY BUILDINGS !!OGCCUPANCY RATE IS AT 100%!! 36 THREE BEDROOMS AND 96 TWO BEDROOMS. MAX RENTS COULD GO UP TO $1,317 AND 1,521 IF USINGTHE S42 LIHTC. GROSS BUILDING AREA IS 109,092 SQUARE FEET, OF THAT 107,436 IS RENTABLE AREA. ALL UNITS INCOME RESTRICTED BASED ON THE RESTRICTIVE COVENANTS TIED TO THE HFA BONDS THAT WERE ORIGINALLY APART OF THE FINANCING. RENT CANNOT EXCEED 30% OF TENANTS ANNUAL INCOME. EXCLUDING UTILITIES. ALL UNITS ARE SET ASIDE FOR FAMILY AFFORDABLE HOUSING. THE FIRST MORTGAGE BEING HUD-INSURED, IS ASSUMABLE AND THE INTEREST RATE IS 2.52%, WRITTEN APPROVAL IS REQUIRED FROM HUD. PROVIDE WITHIN 90 DAYS.

Plat of Rev Pl of Portion of Robert Thomas Sub PB 49-50 Tract C lot Size 49005

GREAT OPPORTUNITY!! THIS PROPERTY HAS BEEN TOTALLY RENOVATED!! 12 TWO STORY BUILDINGS !!OGCCUPANCY RATE IS AT 100%!! 36 THREE BEDROOMS AND 96 TWO BEDROOMS. MAX RENTS COULD GO UP TO $1,317 AND 1,521 IF USINGTHE S42 LIHTC. GROSS BUILDING AREA IS 109,092 SQUARE FEET, OF THAT 107,436 IS RENTABLE AREA. ALL UNITS INCOME RESTRICTED BASED ON THE RESTRICTIVE COVENANTS TIED TO THE HFA BONDS THAT WERE ORIGINALLY APART OF THE FINANCING. RENT CANNOT EXCEED 30% OF TENANTS ANNUAL INCOME. EXCLUDING UTILITIES. ALL UNITS ARE SET ASIDE FOR FAMILY AFFORDABLE HOUSING. THE FIRST MORTGAGE BEING HUD-INSURED, IS ASSUMABLE AND THE INTEREST RATE IS 2.52%, WRITTEN APPROVAL IS REQUIRED FROM HUD. PROVIDE WITHIN 90 DAYS.

City:Miami,List A O R:A-Miami Association of REALTORS,Stories:2,Latitude:25.8396866,Cooling Y N:1,Heating Y N:1,Lease Term:Annual Lease,List Price:26500000,Listing Id:A11333369,Longitude:-80.2221415,Mls Status:Active,Inclusions:Building & Land,Postal Code:33147,Street Name:71 Street,Coordinates:1:25.8396866,Gross Income:1012657,Photos Count:17,Days On Market:122,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,On Market Date:2022-10-07,Other Expense:27871,Parcel Number:30-31-11-004-0030,Property Type:Commercial Sale,Stories Total:2,Street Number:1431,Trash Expense:134381,Public Remarks:GREAT OPPORTUNITY!! THIS PROPERTY HAS BEEN TOTALLY RENOVATED!! 12 TWO STORY BUILDINGS !!OGCCUPANCY RATE IS AT 100%!! 36 THREE BEDROOMS AND 96 TWO BEDROOMS. MAX RENTS COULD GO UP TO $1,317 AND 1,521 IF USINGTHE S42 LIHTC. GROSS BUILDING AREA IS 109,092 SQUARE FEET, OF THAT 107,436 IS RENTABLE AREA. ALL UNITS INCOME RESTRICTED BASED ON THE RESTRICTIVE COVENANTS TIED TO THE HFA BONDS THAT WERE ORIGINALLY APART OF THE FINANCING. RENT CANNOT EXCEED 30% OF TENANTS ANNUAL INCOME. EXCLUDING UTILITIES. ALL UNITS ARE SET ASIDE FOR FAMILY AFFORDABLE HOUSING. THE FIRST MORTGAGE BEING HUD-INSURED, IS ASSUMABLE AND THE INTEREST RATE IS 2.52%, WRITTEN APPROVAL IS REQUIRED FROM HUD. PROVIDE WITHIN 90 DAYS.,County Or Parish:Miami-Dade County,Expiration Date:2023-09-30,List Office Name:The N.D.I. Group, Inc.,Manager Expense:64104,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,New Taxes Expense:106,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:NW,Unparsed Address:1431 NW 71 Street, Miami FL 33147,Insurance Expense:137027,Listing Agreement:Exclusive Right To Sell,Operating Expense:748996,Building Area Total:107436,Building Area Units:Square Feet,Lease Considered Y N:1,Lot Size Square Feet:196015,Number Of Buildings:12,Original List Price:26500000,Public Survey Range:41,I D X Participation Y N:1,Maintenance Expense:7000,Net Operating Income:467194,Syndication Remarks:GREAT OPPORTUNITY!! THIS PROPERTY HAS BEEN TOTALLY RENOVATED!! 12 TWO STORY BUILDINGS !!OGCCUPANCY RATE IS AT 100%!! 36 THREE BEDROOMS AND 96 TWO BEDROOMS. MAX RENTS COULD GO UP TO $1,317 AND 1,521 IF USINGTHE S42 LIHTC. GROSS BUILDING AREA IS 109,092 SQUARE FEET, OF THAT 107,436 IS RENTABLE AREA. ALL UNITS INCOME RESTRICTED BASED ON THE RESTRICTIVE COVENANTS TIED TO THE HFA BONDS THAT WERE ORIGINALLY APART OF THE FINANCING. RENT CANNOT EXCEED 30% OF TENANTS ANNUAL INCOME. EXCLUDING UTILITIES. ALL UNITS ARE SET ASIDE FOR FAMILY AFFORDABLE HOUSING. THE FIRST MORTGAGE BEING HUD-INSURED, IS ASSUMABLE AND THE INTEREST RATE IS 2.52%, WRITTEN APPROVAL IS REQUIRED FROM HUD. PROVIDE WITHIN 90 DAYS.,Listing Contract Date:2022-10-07,Originating System I D:miamire,Public Survey Section:11,Street Number Numeric:1431,Tax Legal Description:Plat of Rev Pl of Portion of Robert Thomas Sub PB 49-50 Tract C lot Size 49005,Public Survey Township:41,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:1.0%,Contract Status Change Date:2022-10-07,Internet Address Display Y N:1,Number Of Units In Community:132,Dual Variable Compensation Y N:1,Transaction Broker Compensation:1.0%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,