1630 18th St ,Other, Quadruplex, Braddock Sub No 4 for Sale

1630 18th St for Sale

Price $3,890,000.00

• Lot size 7692
• Year Build 1969
• Waterfront
• Zip 33125
• Style Other
• Parking Description
• 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

Less Than 1/4 Acre Lot

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,List Price:3890000,Listing Id:A11738589,Longitude:-80.2222712,Mls Status:Active,Year Built:1969,Directions:USE GPS,Living Area:7692,Postal Code:33125,Street Name:18th St,Coordinates:1:25.7917419,Photos Count:18,Building Name:BRADDOCK SUB NO 4,Days On Market:190,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:31,M L S Area Major:Braddock Sub No 4,On Market Date:2025-02-04,Parcel Number:01-31-35-005-2350,Parking Total:16,Property Type:Residential Income,Rent Includes:1:Trash Collection,2:Water,Stories Total:2,Street Number:1630,M I A M I R E_ Style:Fourplex,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:Fourplex,County Or Parish:Miami-Dade County,Expiration Date:2026-01-30,List Office Name:One Sotheby's International Realty,Standard Status:Active,Window Features:1:Blinds,2:Impact Glass,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:5714,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:NW,Subdivision Name:BRADDOCK SUB NO 4,Tax Annual Amount:31540,Unparsed Address:1630 NW 18th St, Miami FL 33125,Listing Agreement:Exclusive Right To Sell,Operating Expense:77897,Year Built Details:New Construction,Building Area Total:7692,Building Area Units:Square Feet,Leasable Area Units:Square Feet,M I A M I R E_ Flood Zone:AE,M I A M I R E_ L P Amt Sq Ft:505.7202,Original List Price:4200000,Previous List Price:3990000,Property Condition:1:New Construction,2:Substantially Remodeled,Public Survey Range:31,Building Area Source:Owner,Documents Available:1:Financial Statement,2:Inventory,3:Copy Of Lease(S),4:Rent Rolls,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Net Operating Income:245360,Number Of Units Total:12,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,M I A M I R E_ Assumable Y N:1,Originating System I D:miamire,Public Survey Section:35,Showing Instructions:Call Listing Agent,Courtesy Key,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,M I A M I R E_ Current Price:3890000,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_ Adjusted Area S F:6407,M I A M I R E_ Exp Incl Retax Y N:1,M I A M I R E_ Exp Incl Trash Y N:1,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_ Separate Meter Y N:1,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,Internet Address Display Y N:1,M I A M I R E_ Cable Available Y N:1,M I A M I R E_ Exp Incl Janitor Y N:1,Number Of Units In Community:2,M I A M I R E_ Exp Incl Electric Y N:1,M I A M I R E_ Exp Incl Supplies Y N:1,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_ Exp Incl Insurance Y N:1,M I A M I R E_ Agent Alternate Phone:786-925-5170,M I A M I R E_ Exp Incl Management Y N:1,M I A M I R E_ Exp Incl Water Sewer Y N:1,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_ Exp Incl Extermination Y N:1,M I A M I R E_ Exp Incl Miscellaneous Y N:1,M I A M I R E_ Building Area Alternative:7692,M I A M I R E_ Dade Assessed Amt S O H Value:1640000,M I A M I R E_ Exp Incl Maintand Repair Y N:1,M I A M I R E_ Dade Market Amt Assessed Amt:1640000,M I A M I R E_ Exp Incl Lawn Maintenance Y N:1,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:505.72,