3079 11th St,Apartments

3079 11th St, Miami, Florida, 33125

Price $2,699,000.00

  • Lot size 37590
  • Year Build 1984
  • Waterfront
  • Zip 33125
  • Style
  • Parking Description Assigned, Common
  • Pool Yes
  • Status Pending

Description

Real Capital Partners is pleased to present 3079 NW 11th St. Miami, Fl. 33125. Great opportunity to purchase a multifamily investment property in a high demand rental area. The property consists of 6 two-story duplex structures with a total of 12 units. Most units are 3BR/2.5 BA and some have converted the living room to a fourth bedroom. The roofs are in good condition and the property has approximately 40 parking spaces. Tenants are all month to month but have resided long-term with some tenants as long as 20 years. The owner is offering financing 5.5% interest only with a minimum down payment of $l.4mm. The property is generating a 5.52% cap rate on current income. Upon increasing rents to $2,000 per unit, the cap rate will increase to 7.57%.

The property is generating a 5.52% cap rate on current income. Upon increasing rents to $2,000 per unit, the cap rate will increase to 7.57%. Refer to the attachments for a copy of the marketing package.

WALDIN ACRES PB 5-68 LOT 29 LESS BEG NE COR S39.2FT TH S 83 DEG 22 MIN 21 SEC W105.33FT N69.63FT SELY107.21FT TO POB FOR E-W EXPWY BLK 3 LOT

Real Capital Partners is pleased to present 3079 NW 11th St. Miami, Fl. 33125. Great opportunity to purchase a multifamily investment property in a high demand rental area. The property consists of 6 two-story duplex structures with a total of 12 units. Most units are 3BR/2.5 BA and some have converted the living room to a fourth bedroom. The roofs are in good condition and the property has approximately 40 parking spaces. Tenants are all month to month but have resided long-term with some tenants as long as 20 years. The owner is offering financing 5.5% interest only with a minimum down payment of $l.4mm. The property is generating a 5.52% cap rate on current income. Upon increasing rents to $2,000 per unit, the cap rate will increase to 7.57%.

City:Miami,Zoning:5700,Heating:1:Central Individual A/C,List A O R:A-Miami Association of REALTORS,Tax Year:2020,Latitude:25.783572,Malone Id:2093744557,Cooling Y N:1,Heating Y N:1,Lease Term:Month To Month,List Price:2699000,Listing Id:A10962297,Longitude:-80.245111,Mls Status:Pending,Ownership:Corporation,Year Built:1984,Inclusions:Building & Land,Postal Code:33125,Street Name:11th St,Tenant Pays:1:Water,Contingency:Pending Inspections,Coordinates:1:25.783572,Photos Count:13,Building Name:12 Unit Townhomes,Days On Market:27,Listing Terms:1:Owner Will Carry,Lot Size Acres:0.75,Lot Size Units:Square Feet,On Market Date:2020-11-24,Parcel Number:01-31-33-022-0300,Parking Total:40,Property Type:Commercial Sale,Stories Total:2,Street Number:3079,Off Market Date:2020-12-21,Public Remarks:Real Capital Partners is pleased to present 3079 NW 11th St. Miami, Fl. 33125. Great opportunity to purchase a multifamily investment property in a high demand rental area. The property consists of 6 two-story duplex structures with a total of 12 units. Most units are 3BR/2.5 BA and some have converted the living room to a fourth bedroom. The roofs are in good condition and the property has approximately 40 parking spaces. Tenants are all month to month but have resided long-term with some tenants as long as 20 years. The owner is offering financing 5.5% interest only with a minimum down payment of $l.4mm. The property is generating a 5.52% cap rate on current income. Upon increasing rents to $2,000 per unit, the cap rate will increase to 7.57%.,Approval Status:Unapproved,County Or Parish:Miami-Dade County,Expiration Date:2021-11-24,Private Remarks:The property is generating a 5.52% cap rate on current income. Upon increasing rents to $2,000 per unit, the cap rate will increase to 7.57%. Refer to the attachments for a copy of the marketing package.,Standard Status:Pending,Living Area Units:Square Feet,Major Change Type:Pending,Parking Features:1:Common,Postal Code Plus4:2959,State Or Province:FL,Street Dir Prefix:NW,Tax Annual Amount:29074,Unparsed Address:3079 NW 11th St, Miami FL 33125,Listing Agreement:Exclusive Agency,Security Features:1:Security Fence,Year Built Details:New Construction,Building Area Total:15888,Building Area Units:Square Feet,Lease Considered Y N:1,Lot Size Square Feet:37590,Number Of Buildings:6,Original List Price:2699000,Public Survey Range:31,Documents Available:1:Photos,2:Rent Rolls,I D X Participation Y N:1,Syndication Remarks:Real Capital Partners is pleased to present 3079 NW 11th St. Miami, Fl. 33125. Great opportunity to purchase a multifamily investment property in a high demand rental area. The property consists of 6 two-story duplex structures with a total of 12 units. Most units are 3BR/2.5 BA and some have converted the living room to a fourth bedroom. The roofs are in good condition and the property has approximately 40 parking spaces. Tenants are all month to month but have resided long-term with some tenants as long as 20 years. The owner is offering financing 5.5% interest only with a minimum down payment of $l.4mm. The property is generating a 5.52% cap rate on current income. Upon increasing rents to $2,000 per unit, the cap rate will increase to 7.57%.,Listing Contract Date:2020-11-24,Originating System I D:miamire,Public Survey Section:33,Showing Instructions:Call Listing Agent,Street Number Numeric:3079,Tax Legal Description:WALDIN ACRES PB 5-68 LOT 29 LESS BEG NE COR S39.2FT TH S 83 DEG 22 MIN 21 SEC W105.33FT N69.63FT SELY107.21FT TO POB FOR E-W EXPWY BLK 3 LOT,Electric On Property Y N:1,Public Survey Township:31,Construction Materials:1:CBS Construction,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:3%,Contract Status Change Date:2020-12-21,Distance To Freeway Numeric:1,Internet Address Display Y N:1,Number Of Units In Community:6,Special Listing Conditions:1:Sale,Internet Consumer Comment Y N:1,Dual Variable Compensation Y N:1,Transaction Broker Compensation:3%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,Internet Automated Valuation Display Y N:1,

  • Price $2,699,000.00
  • Price Change: 2020-11-24
  • Lot size sq. ft.
  • Price per sq.ft.
  • Year Build 1984
  • Waterfront
  • View
  • Pool Yes
  • Style
  • Construction Concrete Block Construction, CBS Construction
  • Parking Description Assigned, Common
  • Flooring Type Ceramic Floor
  • Property Type Commercial Sale
  • Status Pending
  • Listed 2020-11-24
  • Days on Market 167
  • Furnished
  • City Miami
  • Zip 33125
  • State Florida
  • Subdivision
  • Development Name 12 Unit Townhomes
  • HOA Fees
  • Taxes 29074
  • Taxes Year 2020