16020 208th Ave ,Quadruplex, Redlands for Sale

16020 208th Ave for Sale

Price $1,999,999.00

• Lot size 4705
• Year Build 2015
• Waterfront
• Zip 33187
• Style Detached, Ranch
• Parking Description
• Pool Yes
• Status Active

Description

Income producing property on 2+/- acres corner lot Current NOI $161k w/ owner running Airbnb in 1 unit, projected NOI $244.7k *SELLER FINANCING * Drone footage and Financials available upon request 1x 3-unit structure (built 2019), 1x 2-unit structure (built 2012), 1x 1bed, plus1 RV being used as an apartment, room to add more RV's or build your very own ranch home Total monthly income $14,350. Projected monthly $21,200 gross w/ Section 8 (source: HudUser) Since Housing Authority is severely in need of more Sec. 8 Landlords, potential to earn even higher premiums on rents. Buyer responsible for all DD. Has coin laundry, nursery, fruit trees ,well water, 2 electric gates(2 private entrances). Horse stable can be rented out for add'l $ All structures on the property are legal

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls=

28 55 38 1.78 AC M/L N329.85FT OF W1/2 OF E1/2 OF SE1/4 LESS W425FT THEREOF OR 11444-1585 0382

1 To Less Than 2 Acre Lot

Income producing property on 2+/- acres corner lot Current NOI $161k w/ owner running Airbnb in 1 unit, projected NOI $244.7k *SELLER FINANCING * Drone footage and Financials available upon request 1x 3-unit structure (built 2019), 1x 2-unit structure (built 2012), 1x 1bed, plus1 RV being used as an apartment, room to add more RV's or build your very own ranch home Total monthly income $14,350. Projected monthly $21,200 gross w/ Section 8 (source: HudUser) Since Housing Authority is severely in need of more Sec. 8 Landlords, potential to earn even higher premiums on rents. Buyer responsible for all DD. Has coin laundry, nursery, fruit trees ,well water, 2 electric gates(2 private entrances). Horse stable can be rented out for add'l $ All structures on the property are legal

City:Miami,Sewer:1:Septic Tank,Zoning:8900,Cooling:1:Central Air,2:Wall/Window Unit(s),Heating:1:Electric,2:Window/Wall,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2022,Flooring:1:Vinyl,Latitude:25.6151572,Cooling Y N:1,Heating Y N:1,List Price:1999999,Listing Id:A11455907,Longitude:-80.5296285,Mls Status:Active,Year Built:2015,Living Area:3335,Postal Code:33187,Street Name:208th Ave,Coordinates:1:25.6151572,Photos Count:7,Building Name:Redlands,Days On Market:188,Listing Terms:1:Cryptocurrency,2:Owner Will Carry,3:Owtb Wrap,Lot Size Units:Square Feet,M I A M I R E_ Area:58,M L S Area Major:Redlands,On Market Date:2023-09-19,Parcel Number:30-58-28-000-3930,Parking Total:15,Property Type:Residential Income,Rent Includes:1:Electricity,2:Gardener,3:Pest Control,4:Trash Collection,5:Water,Stories Total:2,Street Number:16020,M I A M I R E_ Style:Fourplex,Public Remarks:Income producing property on 2+/- acres corner lot Current NOI $161k w/ owner running Airbnb in 1 unit, projected NOI $244.7k *SELLER FINANCING * Drone footage and Financials available upon request 1x 3-unit structure (built 2019), 1x 2-unit structure (built 2012), 1x 1bed, plus1 RV being used as an apartment, room to add more RV's or build your very own ranch home Total monthly income $14,350. Projected monthly $21,200 gross w/ Section 8 (source: HudUser) Since Housing Authority is severely in need of more Sec. 8 Landlords, potential to earn even higher premiums on rents. Buyer responsible for all DD. Has coin laundry, nursery, fruit trees ,well water, 2 electric gates(2 private entrances). Horse stable can be rented out for add'l $ All structures on the property are legal,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,List Office Name:New Wave Realty, LLC.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:5609,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:SW,Subdivision Name:Redlands,Tax Annual Amount:1173,Unparsed Address:16020 SW 208th Ave, Miami FL 33187,Exterior Features:1:Room For Pool,Listing Agreement:Exclusive Right To Sell,Year Built Details:Effective Year Built,Building Area Total:4705,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:599.6999,Original List Price:1999999,Public Survey Range:58,Architectural Style:1:Ranch,I D X Participation Y N:1,Number Of Units Total:7,Syndication Remarks:Income producing property on 2+/- acres corner lot Current NOI $161k w/ owner running Airbnb in 1 unit, projected NOI $244.7k *SELLER FINANCING * Drone footage and Financials available upon request 1x 3-unit structure (built 2019), 1x 2-unit structure (built 2012), 1x 1bed, plus1 RV being used as an apartment, room to add more RV's or build your very own ranch home Total monthly income $14,350. Projected monthly $21,200 gross w/ Section 8 (source: HudUser) Since Housing Authority is severely in need of more Sec. 8 Landlords, potential to earn even higher premiums on rents. Buyer responsible for all DD. Has coin laundry, nursery, fruit trees ,well water, 2 electric gates(2 private entrances). Horse stable can be rented out for add'l $ All structures on the property are legal,Listing Contract Date:2023-09-19,Originating System I D:miamire,Public Survey Section:28,Showing Instructions:24 Hour Notice,Call Listing Agent,See Broker Remarks,Showing Assist,Street Number Numeric:16020,Tax Legal Description:28 55 38 1.78 AC M/L N329.85FT OF W1/2 OF E1/2 OF SE1/4 LESS W425FT THEREOF OR 11444-1585 0382,Public Survey Township:58,Construction Materials:1:CBS Construction,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:1%,M I A M I R E_ Adjusted Area S F:3902,M I A M I R E_ Internet Remarks:7-Units on 2 acres, corner lot, current NOI $110k, projected NOI $173.1k SECTION 8 POTENTIAL RENT: $254k All structures on property are legal,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2023-09-19,Internet Address Display Y N:1,Number Of Units In Community:7,Transaction Broker Compensation:2%,Internet Entire Listing Display Y N:1,M I A M I R E_ Compensation Disclaimer:BBC: 2%, The offer of compensation is made only to participants of the MLS where the listing is filed.,Transaction Broker Compensation Type:%,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:599.7,