400 South River Dr , for Sale

400 South River Dr for Sale

Price $2,999,999.00

• Lot size 5320
• Year Build 1923
• Waterfront
• Zip 33128
• Style
• Parking Description
• Pool Yes
• Status Active

Description

GREAT CASH FLOW! ACTUAL CAP RATE 7.44%. CURRENT ANNUAL GROSS INCOME OF $266,280.00. Great investment opportunity in one of Miami's hottest markets. Located in high demand rental area. 11 units. 2 buildings. Fantastic unit mix of 2/1s. This opportunity is a turnkey investment. Current owners have beautifully renovated each unit with new floors, new bathrooms and new kitchens. The Little Havana market is witnessing incredible rent increases due to the strong rental demand in this area. Located near Brickell and Downtown Miami.

https://www.londonfoster.estate/property/A11571371_1068981145_400-nw-south-river-dr

38 54 41 RIVERVIEW PB 5-43 E115.4FT OF S40FT LOT 11 BLK B LOT SIZE 3720 SQUARE FEET OR 21238-0080 04 2003 5

GREAT CASH FLOW! ACTUAL CAP RATE 7.44%. CURRENT ANNUAL GROSS INCOME OF $266,280.00. Great investment opportunity in one of Miami's hottest markets. Located in high demand rental area. 11 units. 2 buildings. Fantastic unit mix of 2/1s. This opportunity is a turnkey investment. Current owners have beautifully renovated each unit with new floors, new bathrooms and new kitchens. The Little Havana market is witnessing incredible rent increases due to the strong rental demand in this area. Located near Brickell and Downtown Miami.

City:Miami,Zoning:6107,List A O R:A-Miami Association of REALTORS,Latitude:25.7777005,List Price:2999999,Listing Id:A11571371,Longitude:-80.2083245,Mls Status:Active,Year Built:1923,Postal Code:33128,Street Name:South River Dr,Coordinates:1:25.7777005,Photos Count:23,Business Type:1:Residential-Multi-Family,Days On Market:134,Lot Size Units:Square Feet,M I A M I R E_ Area:41,On Market Date:2024-04-17,Parcel Number:01-41-38-003-0100,Property Type:Commercial Sale,Street Number:400,Public Remarks:GREAT CASH FLOW! ACTUAL CAP RATE 7.44%. CURRENT ANNUAL GROSS INCOME OF $266,280.00. Great investment opportunity in one of Miami's hottest markets. Located in high demand rental area. 11 units. 2 buildings. Fantastic unit mix of 2/1s. This opportunity is a turnkey investment. Current owners have beautifully renovated each unit with new floors, new bathrooms and new kitchens. The Little Havana market is witnessing incredible rent increases due to the strong rental demand in this area. Located near Brickell and Downtown Miami.,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 Plus4:1461,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:NW,Tax Annual Amount:9271,Unparsed Address:400 NW South River Dr, Miami FL 33128,Listing Agreement:Exclusive Right To Sell,Building Area Total:5320,Building Area Units:Square Feet,Lot Size Square Feet:3720,Original List Price:2999999,Public Survey Range:41,I D X Participation Y N:1,Syndication Remarks:GREAT CASH FLOW! ACTUAL CAP RATE 7.44%. CURRENT ANNUAL GROSS INCOME OF $266,280.00. Great investment opportunity in one of Miami's hottest markets. Located in high demand rental area. 11 units. 2 buildings. Fantastic unit mix of 2/1s. This opportunity is a turnkey investment. Current owners have beautifully renovated each unit with new floors, new bathrooms and new kitchens. The Little Havana market is witnessing incredible rent increases due to the strong rental demand in this area. Located near Brickell and Downtown Miami.,Listing Contract Date:2024-04-17,Originating System I D:miamire,Public Survey Section:38,Street Number Numeric:400,Tax Legal Description:38 54 41 RIVERVIEW PB 5-43 E115.4FT OF S40FT LOT 11 BLK B LOT SIZE 3720 SQUARE FEET OR 21238-0080 04 2003 5,Public Survey Township:41,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Great investment opportunity in one of Miami's hottest markets. 11 units. ACTUAL CAP RATE OF 7.44%. Fully renovated. Great unit mix, 2/1s.,Contract Status Change Date:2024-04-17,Internet Address Display Y N:1,M I A M I R E_ Ok To Advertise List:With Written Broker Approval,Internet Entire Listing Display Y N:1,