1630 18th St ,Income Non-waterfront, Residential-multi-family for Sale & Rent

1630 18th St for Sale & Rent

Price $3,890,000.00

• Lot size 13507
• Year Build 1969
• Waterfront
• Zip 33125
• Style
• Parking Description Assigned, No Truck/Trailer, Other
• Pool Yes
• Status Active

Description

Fully rented and updated 12 units Multifamily Investment 6.3% CAP RATE.This multifamily offers 8 spacious 2-bedroom/1-bath units and 4 large 2-bedroom + den/1-bath units, all meticulously upgraded with 16 parking spaces Brand new roof, high-impact windows, new electrical and plumbing, modern kitchens with new appliances, brand new A/C units, stylish flooring and fresh paint throughout ensure a hassle-free investment. Additional features include a new laundry facility, mechanical room, and a fully gated property with a monitored security camera system. Centrally located near Jackson Memorial,Miami International Airport, and major highways,this property is ideal for stable rental income.A true peace-of-mind investment with a strong 6.3% CAP rate!Don?t miss out?easy to show and won?t last!

BRADDOCKS SUB NO 4 PB 3-61 LOTS 18 THRU 21 BLK 9 & N1/2 OF ALLEY LYG S & ADJ CLOSED ORD 13492 LOT SIZE 13507 SQ FT M/L

Central Business District, City Location, Near Airport, Near Seaport

Fully rented and updated 12 units Multifamily Investment 6.3% CAP RATE.This multifamily offers 8 spacious 2-bedroom/1-bath units and 4 large 2-bedroom + den/1-bath units, all meticulously upgraded with 16 parking spaces Brand new roof, high-impact windows, new electrical and plumbing, modern kitchens with new appliances, brand new A/C units, stylish flooring and fresh paint throughout ensure a hassle-free investment. Additional features include a new laundry facility, mechanical room, and a fully gated property with a monitored security camera system. Centrally located near Jackson Memorial,Miami International Airport, and major highways,this property is ideal for stable rental income.A true peace-of-mind investment with a strong 6.3% CAP rate!Don?t miss out?easy to show and won?t last!

City:Miami,Zoning:4601,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2024,Flooring:1:Vinyl,Latitude:25.7917419,Cooling Y N:1,Heating Y N:1,Lease Term:Annual Lease,List Price:3890000,Listing Id:A11738279,Longitude:-80.2222712,Mls Status:Active,Year Built:1969,Directions:USE GPS,Inclusions:Building & Land,Inventory,Leases, Equipment,Postal Code:33125,Street Name:18th St,Tenant Pays:1:Electricity,Coordinates:1:25.7917419,Gross Income:323257,Lot Features:1:City Location,2:Near Airport,3:Near Seaport,Photos Count:17,Building Name:1630,Days On Market:190,Listing Terms:1:Conventional/Refinance,Lot Size Acres:0.31,Lot Size Units:Square Feet,M I A M I R E_ Area:31,On Market Date:2025-02-04,Other Expense:8694,Parcel Number:01-31-35-005-2350,Property Type:Commercial Sale,Stories Total:2,Street Number:1630,Trash Expense:6974,Public Remarks:Fully rented and updated 12 units Multifamily Investment 6.3% CAP RATE.This multifamily offers 8 spacious 2-bedroom/1-bath units and 4 large 2-bedroom + den/1-bath units, all meticulously upgraded with 16 parking spaces Brand new roof, high-impact windows, new electrical and plumbing, modern kitchens with new appliances, brand new A/C units, stylish flooring and fresh paint throughout ensure a hassle-free investment. Additional features include a new laundry facility, mechanical room, and a fully gated property with a monitored security camera system. Centrally located near Jackson Memorial,Miami International Airport, and major highways,this property is ideal for stable rental income.A true peace-of-mind investment with a strong 6.3% CAP rate!Don?t miss out?easy to show and won?t last!,Structure Type:1:Commercial,2:Free Standing,County Or Parish:Miami-Dade County,Expiration Date:2026-02-15,List Office Name:One Sotheby's International Realty,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,New Taxes Expense:31540,Parking Features:1:No Truck/Trailer,2:Other,Postal Code Plus4:5714,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:NW,Tax Annual Amount:31540,Unparsed Address:1630 NW 18th St, Miami FL 33125,Building Features:1:Dryer(S) Leased,2:Exterior Lighting,3:Inside Corridors,4:Landscaped,5:Laundry Facilities,6:Rear Access,7:Trash Chute,8:Washer(S) Leased,Insurance Expense:11500,Listing Agreement:Exclusive Right To Sell,Operating Expense:77897,Security Features:1:Smoke Alarm,2:Security Fence,3:Security System,Year Built Details:Resale,Building Area Total:7692,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lease Considered Y N:1,Lot Size Square Feet:13507,M I A M I R E_ Flood Zone:AE,M I A M I R E_ For Sale Y N:1,M I A M I R E_ Num Floors:2,M I A M I R E_ Num Meters:12,Number Of Buildings:1,Original List Price:4200000,Previous List Price:3990000,Public Survey Range:31,Documents Available:1:Copy Of Lease(S),2:Photos,3:Rent Rolls,4:Existing Survey,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,M I A M I R E_ Num Tenants:12,M I A M I R E_ Num Toilets:12,Net Operating Income:245360,Syndication Remarks:Fully rented and updated 12 units Multifamily Investment 6.3% CAP RATE.This multifamily offers 8 spacious 2-bedroom/1-bath units and 4 large 2-bedroom + den/1-bath units, all meticulously upgraded with 16 parking spaces Brand new roof, high-impact windows, new electrical and plumbing, modern kitchens with new appliances, brand new A/C units, stylish flooring and fresh paint throughout ensure a hassle-free investment. Additional features include a new laundry facility, mechanical room, and a fully gated property with a monitored security camera system. Centrally located near Jackson Memorial,Miami International Airport, and major highways,this property is ideal for stable rental income.A true peace-of-mind investment with a strong 6.3% CAP rate!Don?t miss out?easy to show and won?t last!,Listing Contract Date:2025-02-04,Originating System I D:miamire,Public Survey Section:35,Showing Instructions:Call Listing Agent,Key In Listing Office,Showing Assist,Street Number Numeric:1630,Tax Legal Description:BRADDOCKS SUB NO 4 PB 3-61 LOTS 18 THRU 21 BLK 9 & N1/2 OF ALLEY LYG S & ADJ CLOSED ORD 13492 LOT SIZE 13507 SQ FT M/L,Electric On Property Y N:1,Green Energy Efficient:1:Insulation,2:Roof,3:Windows,M I A M I R E_ Current Price:3890000,M I A M I R E_ Milesto Beach:8,Public Survey Township:31,Construction Materials:1:CBS Construction,M I A M I R E_ Municipal Code:1,M I A M I R E_ Total Mortgage:1435000,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Turnkey 12-Unit Multifamily in Miami! 6,3% CAP, Fully rented, gated, new roof, impact windows. Prime location near MIA & Jackson. Won?t last!,M I A M I R E_ Parcel Number M L X:2350,M I A M I R E_ Street View Param:1$25.791725$-80.222287$125.53$13.33$1.00$gYtZLWRLhSxC8xGFxac3TQ,M I A M I R E_ Supplement Count:1,Contract Status Change Date:2025-02-04,Distance To Freeway Numeric:2,Internet Address Display Y N:1,M I A M I R E_ For Sale M L S Number:A11738589,Number Of Units In Community:12,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Subdivision Number:5,M I A M I R E_ Acreage Description:1/4 Acre Or Less,M I A M I R E_ Building Name Number:1630,M I A M I R E_ Environmental Audit:Unknown,M I A M I R E_ Agent Alternate Phone:786-925-5170,M I A M I R E_ Occupancy Percentage:100,M I A M I R E_ Property Description:MULTI FAMILY 12 UNITS,M I A M I R E_ Total Assumable Loans:1435000,M I A M I R E_ Improvement Height C O M:2 Stories,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:1630 NW 18th St,M I A M I R E_ Common Area Maint Includes:1:Exterior Maintenance,2:Real Estate Tax,3:Sewer,4:Trash Removal,5:Water,M I A M I R E_ Dade Assessed Amt S O H Value:1640000,