111 76th Street,Detached, Quadruplex, Quadruplex, Fourplex, Pelaez-zogby Sub

111 76th Street, Miami, Florida, 33150

Price $575,000.00

• Lot size 2590
• Year Build 1952
• Waterfront
• Zip 33150
• Style Detached
• Parking Description
• Pool Yes
• Status Active

Description

Amazing investment opportunity in Little Haiti. 4 Existing CASH-FLOWING units, 100% Occupancy! Rents are Below Market! 5%+ Cap Rate in a Prime and Growing area w/ possibility to increase significantly. Favorable Zoning: T5-R! Ideal Buy-and-Hold Investment with HUGE UPSIDE for FUTURE REDEVELOPMENT. **Located in OPPORTUNITY ZONE: potentially offering significant capital gains tax savings for the buyer. Little Haiti is currently developing the Magic City Innovation District Area: ? Residential ? Commercial ? Art Galleries ? Showrooms ? Offices ? Entertainment Spaces. Once complete it will raise rents & property values in the surrounding area along the way.

111 NW 76 STREET MUST BE PURCHASED WITH 110 NW 77 STREET, EACH SOLD AT $575K! There are 2 other folios available as well. Total portfolio includes 3 multifamily buildings (12 Units) & 1 empty lot. Zoning analysis attached. Contact listing agent for more information at 305-434-5060.

PELAEZ-ZOGBY SUB PB 129-65 LOT 4 BLK 1 LOT SIZE 59.21 X 143.17 OR 19878-2962 08 2001 1 COC 21758-3924 10 2003 1

Less Than 1/4 Acre Lot

Amazing investment opportunity in Little Haiti. 4 Existing CASH-FLOWING units, 100% Occupancy! Rents are Below Market! 5%+ Cap Rate in a Prime and Growing area w/ possibility to increase significantly. Favorable Zoning: T5-R! Ideal Buy-and-Hold Investment with HUGE UPSIDE for FUTURE REDEVELOPMENT. **Located in OPPORTUNITY ZONE: potentially offering significant capital gains tax savings for the buyer. Little Haiti is currently developing the Magic City Innovation District Area: ? Residential ? Commercial ? Art Galleries ? Showrooms ? Offices ? Entertainment Spaces. Once complete it will raise rents & property values in the surrounding area along the way.

City:Miami,Zoning:4600,List A O R:A-Miami Association of REALTORS,Tax Year:2019,Latitude:25.8448655,Malone Id:2093877865,Cooling Y N:1,List Price:575000,Listing Id:A10900504,Longitude:-80.1991226,Mls Status:Active,Year Built:1952,Directions:Google Maps,Living Area:2590,Postal Code:33150,Street Name:76th Street,Coordinates:1:25.8448655,Photos Count:19,Building Name:PELAEZ-ZOGBY SUB,Days On Market:120,Listing Terms:1:Cash,2:Conventional,Lot Size Units:Square Feet,M L S Area Major:Pelaez-zogby Sub,On Market Date:2020-07-28,Parcel Number:01-31-12-105-0040,Parking Total:4,Property Type:Residential Income,Rent Includes:1:Trash Collection,Stories Total:1,Street Number:111,M I A M I R E_ Style:Fourplex,Public Remarks:Amazing investment opportunity in Little Haiti. 4 Existing CASH-FLOWING units, 100% Occupancy! Rents are Below Market! 5%+ Cap Rate in a Prime and Growing area w/ possibility to increase significantly. Favorable Zoning: T5-R! Ideal Buy-and-Hold Investment with HUGE UPSIDE for FUTURE REDEVELOPMENT. **Located in OPPORTUNITY ZONE: potentially offering significant capital gains tax savings for the buyer. Little Haiti is currently developing the Magic City Innovation District Area: ? Residential ? Commercial ? Art Galleries ? Showrooms ? Offices ? Entertainment Spaces. Once complete it will raise rents & property values in the surrounding area along the way.,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,Expiration Date:2021-03-10,Private Remarks:111 NW 76 STREET MUST BE PURCHASED WITH 110 NW 77 STREET, EACH SOLD AT $575K! There are 2 other folios available as well. Total portfolio includes 3 multifamily buildings (12 Units) & 1 empty lot. Zoning analysis attached. Contact listing agent for more information at 305-434-5060.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Back On Market,Postal Code Plus4:4809,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:NW,Subdivision Name:PELAEZ-ZOGBY SUB,Tax Annual Amount:4631,Unparsed Address:111 NW 76th Street, Miami FL 33150,Listing Agreement:Exclusive Right To Sell,Operating Expense:2348,Year Built Details:Resale,Building Area Units:Square Feet,Lot Size Square Feet:2590,M I A M I R E_ L P Amt Sq Ft:227.1829,Original List Price:575000,Public Survey Range:31,I D X Participation Y N:1,Net Operating Income:53776,Number Of Units Total:4,Syndication Remarks:Amazing investment opportunity in Little Haiti. 4 Existing CASH-FLOWING units, 100% Occupancy! Rents are Below Market! 5%+ Cap Rate in a Prime and Growing area w/ possibility to increase significantly. Favorable Zoning: T5-R! Ideal Buy-and-Hold Investment with HUGE UPSIDE for FUTURE REDEVELOPMENT. **Located in OPPORTUNITY ZONE: potentially offering significant capital gains tax savings for the buyer. Little Haiti is currently developing the Magic City Innovation District Area: ? Residential ? Commercial ? Art Galleries ? Showrooms ? Offices ? Entertainment Spaces. Once complete it will raise rents & property values in the surrounding area along the way.,Listing Contract Date:2020-07-28,Originating System I D:miamire,Public Survey Section:12,Showing Instructions:Call Listing Agent,Street Number Numeric:111,Tax Legal Description:PELAEZ-ZOGBY SUB PB 129-65 LOT 4 BLK 1 LOT SIZE 59.21 X 143.17 OR 19878-2962 08 2001 1 COC 21758-3924 10 2003 1,Public Survey Township:31,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2.5%,M I A M I R E_ Adjusted Area S F:2531,Contract Status Change Date:2020-07-28,Internet Address Display Y N:1,Number Of Units In Community:1,Internet Consumer Comment Y N:1,Transaction Broker Compensation:2.5%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:222.01,Internet Automated Valuation Display Y N:1,