850 2nd St , for Sale

850 2nd St for Sale

Price $2,299,000.00

• Lot size 7500
• Year Build 1918
• Waterfront
• Zip 33128
• Style
• Parking Description
• Pool Yes
• Status Active

Description

Great income producing investment opportunity in Little Havana. 10 UNITS. This property is comprised of a fully renovated 8 unit apartment building consisting of one bedroom one bathroom units and a single-family home. Current ownership is operating the single-family home as a duplex with 2Br/1Ba in each unit for a total of 10 rental units. The 1/1s are currently rented at an average of $1800 per month. The single family is producing $4,000 per month. Current annual gross income of $155,100.00. Proforma gross income of $263,400. Property has new floors, new kitchen, new AC mini splits, and new bathrooms. Stainless steel appliances. Separate electric meters. Pro forma cap rate of 6.1%

BRICKELLS RIVERVIEW PB 5-43 LOT 7 BLK 4 LOT SIZE 7500 SQUARE FEET OR 19827-3250 07 2001 2 (2)

Great income producing investment opportunity in Little Havana. 10 UNITS. This property is comprised of a fully renovated 8 unit apartment building consisting of one bedroom one bathroom units and a single-family home. Current ownership is operating the single-family home as a duplex with 2Br/1Ba in each unit for a total of 10 rental units. The 1/1s are currently rented at an average of $1800 per month. The single family is producing $4,000 per month. Current annual gross income of $155,100.00. Proforma gross income of $263,400. Property has new floors, new kitchen, new AC mini splits, and new bathrooms. Stainless steel appliances. Separate electric meters. Pro forma cap rate of 6.1%

City:Miami,Zoning:3900,List A O R:A-Miami Association of REALTORS,Latitude:25.7752581,List Price:2299000,Listing Id:A11551329,Longitude:-80.2088456,Mls Status:Active,Year Built:1918,Postal Code:33128,Street Name:2nd St,Coordinates:1:25.7752581,Photos Count:11,Business Type:1:Residential-Multi-Family,Days On Market:18,Lot Size Units:Square Feet,M I A M I R E_ Area:41,On Market Date:2024-03-15,Parcel Number:01-41-38-003-3310,Property Type:Commercial Sale,Street Number:850,Public Remarks:Great income producing investment opportunity in Little Havana. 10 UNITS. This property is comprised of a fully renovated 8 unit apartment building consisting of one bedroom one bathroom units and a single-family home. Current ownership is operating the single-family home as a duplex with 2Br/1Ba in each unit for a total of 10 rental units. The 1/1s are currently rented at an average of $1800 per month. The single family is producing $4,000 per month. Current annual gross income of $155,100.00. Proforma gross income of $263,400. Property has new floors, new kitchen, new AC mini splits, and new bathrooms. Stainless steel appliances. Separate electric meters. Pro forma cap rate of 6.1%,County Or Parish:Miami-Dade County,List Office Name:London Foster Realty,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:1324,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:NW,Tax Annual Amount:17712,Unparsed Address:850 NW 2nd St, Miami FL 33128,Listing Agreement:Exclusive Right To Sell,Building Area Total:5898,Building Area Units:Square Feet,Lot Size Square Feet:7500,Original List Price:2299000,Public Survey Range:41,I D X Participation Y N:1,Syndication Remarks:Great income producing investment opportunity in Little Havana. 10 UNITS. This property is comprised of a fully renovated 8 unit apartment building consisting of one bedroom one bathroom units and a single-family home. Current ownership is operating the single-family home as a duplex with 2Br/1Ba in each unit for a total of 10 rental units. The 1/1s are currently rented at an average of $1800 per month. The single family is producing $4,000 per month. Current annual gross income of $155,100.00. Proforma gross income of $263,400. Property has new floors, new kitchen, new AC mini splits, and new bathrooms. Stainless steel appliances. Separate electric meters. Pro forma cap rate of 6.1%,Listing Contract Date:2024-03-15,Originating System I D:miamire,Public Survey Section:38,Showing Instructions:Call Listing Agent,Street Number Numeric:850,Tax Legal Description:BRICKELLS RIVERVIEW PB 5-43 LOT 7 BLK 4 LOT SIZE 7500 SQUARE FEET OR 19827-3250 07 2001 2 (2),Public Survey Township:41,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2%,M I A M I R E_ Internet Remarks:10 UNITS FOR SALE IN MIAMI. CASH FLOWING. 8-1/1s AND 2-2/1s. Current Annual gross income $155,100.00. Proforma income $263,400. Proforma cap rate 6.1%,Contract Status Change Date:2024-03-15,Internet Address Display Y N:1,Number Of Units In Community:7,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:With Written Broker Approval,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:%,Internet Automated Valuation Display Y N:1,