xxxxx 14th Ct ,Income Waterfront for Sale & Rent

xxxxx 14th Ct for Sale & Rent

Price $4,190,000.00

• Lot size 17860
• Year Build 1970
• Waterfront Lake
• Zip 33014
• Style
• Parking Description Common, Free Parking, On Street
• Pool Yes
• Status Active

Description

Location,location,location!!! Rare opportunity to own a mid-size Multi-family unit building in an excellent area of Hialeah-Miami Lakes. 14 one bedrooms and 4 two bedrooms make this great building a solid investment. The building has parking for 18 vehicles, plus plenty of street parking. The building is fenced and is a lakefront property with great landscaping and view from the corridors and balconies of the 4 units that have balconies. All units have tile floors, mostly have newer remodeled kitchens and bathrooms. All with Central AC, Hurricane panel shutters except accordion on the 2 bedroom units. Laundry room for extra income, passed 40 yr re-certification and now getting the 50 year. Owner offering financing with 25% down. Gross Income $258k with low rents. Projected $353k 2024

NDA required for address to be disclosed along with POF. Tenants are not aware building is for sale. Confidentiality is very crucial. Rents currently are 25-30% below market value. Tenants are all long term . Current rent for a 1 bed in the area is at $1600 and a 2 bed at $2000. Potential to make over $360k gross income. Owner financing at 6 1/2% for fixed interest for 15 years with 25% down.

LAND AREA .41 AC LAKE ORLEANS EAST PB 87-17 TRACT B & PROP INT IN & TO LAKE LOT SIZE 17860 SQUARE FEET OR 17154-2275 17728-3395 0396 4

City Location, Near Airport, In Residential Area, Shopping Center

Location,location,location!!! Rare opportunity to own a mid-size Multi-family unit building in an excellent area of Hialeah-Miami Lakes. 14 one bedrooms and 4 two bedrooms make this great building a solid investment. The building has parking for 18 vehicles, plus plenty of street parking. The building is fenced and is a lakefront property with great landscaping and view from the corridors and balconies of the 4 units that have balconies. All units have tile floors, mostly have newer remodeled kitchens and bathrooms. All with Central AC, Hurricane panel shutters except accordion on the 2 bedroom units. Laundry room for extra income, passed 40 yr re-certification and now getting the 50 year. Owner offering financing with 25% down. Gross Income $258k with low rents. Projected $353k 2024

City:Hialeah,Roof:1:Other,Zoning:6600,Heating:1:Central Individual A/C,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2022,Latitude:25.8885406,Cooling Y N:1,Heating Y N:1,Lease Term:Month To Month,List Price:4190000,Listing Id:A11443483,Longitude:-80.3125558,Mls Status:Active,Ownership:Self Proprietor/Individual,Year Built:1970,Inclusions:Building & Land,Leases,License, License,Machinery,Postal Code:33014,Street Name:14th Ct,Tenant Pays:1:Telephone,Coordinates:1:25.8885406,Gross Income:258400,Lot Features:1:Near Airport,2:In Residential Area,3:Shopping Center,Photos Count:24,Business Type:1:Residential-Multi-Family,Days On Market:10,Listing Terms:1:All Cash,2:Conventional/Refinance,3:Owner Will Carry,Lot Size Units:Square Feet,On Market Date:2023-08-21,Other Expense:18124,Parcel Number:04-20-26-030-0460,Parking Total:18,Property Type:Commercial Sale,Stories Total:2,Street Number:xxxxx,Trash Expense:5204,Waterfront Y N:1,Open Parking Y N:1,Public Remarks:Location,location,location!!! Rare opportunity to own a mid-size Multi-family unit building in an excellent area of Hialeah-Miami Lakes. 14 one bedrooms and 4 two bedrooms make this great building a solid investment. The building has parking for 18 vehicles, plus plenty of street parking. The building is fenced and is a lakefront property with great landscaping and view from the corridors and balconies of the 4 units that have balconies. All units have tile floors, mostly have newer remodeled kitchens and bathrooms. All with Central AC, Hurricane panel shutters except accordion on the 2 bedroom units. Laundry room for extra income, passed 40 yr re-certification and now getting the 50 year. Owner offering financing with 25% down. Gross Income $258k with low rents. Projected $353k 2024,Structure Type:1:Free Standing,County Or Parish:Miami-Dade County,Expiration Date:2024-05-14,List Office Name:Keller Williams Realty Premier Properties,Manager Expense:15600,Private Remarks:NDA required for address to be disclosed along with POF. Tenants are not aware building is for sale. Confidentiality is very crucial. Rents currently are 25-30% below market value. Tenants are all long term . Current rent for a 1 bed in the area is at $1600 and a 2 bed at $2000. Potential to make over $360k gross income. Owner financing at 6 1/2% for fixed interest for 15 years with 25% down.,Standard Status:Active,Window Features:1:Partial Other Protection,Living Area Units:Square Feet,Major Change Type:New,New Taxes Expense:30483,Parking Features:1:Free Parking,2:On Street,Postal Code Plus4:4575,Property Sub Type:Income/MultiFamily,Special Licenses:1:County Licenses,State Or Province:FL,Street Dir Prefix:W,Supplies Expense:924,Tax Annual Amount:32526,Unparsed Address:xxxxx W 14th Ct, Hialeah FL 33014,Building Features:1:County Licenses,2:Exterior Lighting,3:Landscaped,4:Laundry Facilities,5:Manager On Premises,6:Other Licenses,Insurance Expense:2700,Listing Agreement:Exclusive Right To Sell,Operating Expense:76835,Security Features:1:Security Fence,Year Built Details:New Construction,Building Area Total:14488,Building Area Units:Square Feet,Lease Considered Y N:1,Lot Size Square Feet:17860,Number Of Buildings:1,Original List Price:4190000,Public Survey Range:20,Documents Available:1:Investment Analysis,I D X Participation Y N:1,Maintenance Expense:3800,Net Operating Income:181565,Syndication Remarks:Location,location,location!!! Rare opportunity to own a mid-size Multi-family unit building in an excellent area of Hialeah-Miami Lakes. 14 one bedrooms and 4 two bedrooms make this great building a solid investment. The building has parking for 18 vehicles, plus plenty of street parking. The building is fenced and is a lakefront property with great landscaping and view from the corridors and balconies of the 4 units that have balconies. All units have tile floors, mostly have newer remodeled kitchens and bathrooms. All with Central AC, Hurricane panel shutters except accordion on the 2 bedroom units. Laundry room for extra income, passed 40 yr re-certification and now getting the 50 year. Owner offering financing with 25% down. Gross Income $258k with low rents. Projected $353k 2024,Financial Data Source:1:Projected Pro-Forma,Listing Contract Date:2023-08-21,Originating System I D:miamire,Public Survey Section:26,Showing Instructions:Call Listing Agent,No Sign,See Broker Remarks,Tax Legal Description:LAND AREA .41 AC LAKE ORLEANS EAST PB 87-17 TRACT B & PROP INT IN & TO LAKE LOT SIZE 17860 SQUARE FEET OR 17154-2275 17728-3395 0396 4,Electric On Property Y N:1,Public Survey Township:20,Originating System Name:Miami Association of REALTORS?,Contract Status Change Date:2023-08-21,Distance To Freeway Numeric:1,Number Of Units In Community:18,Internet Consumer Comment Y N:1,Transaction Broker Compensation:2.5%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,Internet Automated Valuation Display Y N:1,