111 76th St,Apartments, Residential-Multi-Family

111 76th St, Miami, Florida, 33150

Price $1,875,000.00

• Lot size 28952
• Year Build 1952
• Waterfront
• Zip 33150
• Style
• Parking Description
• Pool Yes
• Status Active

Description

Amazing investment opportunity in Little Haiti/Little River Area (3 FOLIOS: 111 NW 76 ST, 110 NW 77 ST and 100 NW 77 ST). 12 Existing CASH-FLOWING units, 100% Occupancy! Rents are Below Market! Prime and Growing area w/ possibility to increase significantly. Favorable Zoning: T5-R! Ideal Buy-and-Hold Investment with HUGE UPSIDE for FUTURE REDEVELOPMENT. Property Has Access on 2 Streets. **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.

Sellers sells all 3 buildings as a package. The entire portfolio includes 3 multifamily buildings with 4 units each for a total of 12 Cash-Flowing Units. The zoning analysis done by an architect (attached).

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

3/4 To Less Than 1 Acre Lot

Amazing investment opportunity in Little Haiti/Little River Area (3 FOLIOS: 111 NW 76 ST, 110 NW 77 ST and 100 NW 77 ST). 12 Existing CASH-FLOWING units, 100% Occupancy! Rents are Below Market! Prime and Growing area w/ possibility to increase significantly. Favorable Zoning: T5-R! Ideal Buy-and-Hold Investment with HUGE UPSIDE for FUTURE REDEVELOPMENT. Property Has Access on 2 Streets. **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.

City:Miami,Zoning:4600,List A O R:A-Miami Association of REALTORS,Latitude:25.8448655,Malone Id:2093877865,List Price:1875000,Listing Id:A10967010,Longitude:-80.1991226,Mls Status:Active,Year Built:1952,Directions:Google Maps.,Postal Code:33150,Street Name:76th St,Coordinates:1:25.8448655,Photos Count:28,Building Name:Little River Multifamily,Business Type:1:Residential-Multi-Family,Days On Market:58,Listing Terms:1:Conventional,Lot Size Units:Square Feet,On Market Date:2020-12-05,Parcel Number:01-31-12-105-0040,Parking Total:12,Property Type:Commercial Sale,Stories Total:1,Street Number:111,Public Remarks:Amazing investment opportunity in Little Haiti/Little River Area (3 FOLIOS: 111 NW 76 ST, 110 NW 77 ST and 100 NW 77 ST). 12 Existing CASH-FLOWING units, 100% Occupancy! Rents are Below Market! Prime and Growing area w/ possibility to increase significantly. Favorable Zoning: T5-R! Ideal Buy-and-Hold Investment with HUGE UPSIDE for FUTURE REDEVELOPMENT. Property Has Access on 2 Streets. **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.,County Or Parish:Miami-Dade County,Expiration Date:2021-12-04,Private Remarks:Sellers sells all 3 buildings as a package. The entire portfolio includes 3 multifamily buildings with 4 units each for a total of 12 Cash-Flowing Units. The zoning analysis done by an architect (attached).,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:4809,State Or Province:FL,Street Dir Prefix:NW,Unparsed Address:111 NW 76th St, Miami FL 33150,Listing Agreement:Exclusive Right To Sell,Building Area Total:7770,Building Area Units:Square Feet,Lot Size Square Feet:28952,Number Of Buildings:3,Original List Price:1875000,Public Survey Range:31,I D X Participation Y N:1,Syndication Remarks:Amazing investment opportunity in Little Haiti/Little River Area (3 FOLIOS: 111 NW 76 ST, 110 NW 77 ST and 100 NW 77 ST). 12 Existing CASH-FLOWING units, 100% Occupancy! Rents are Below Market! Prime and Growing area w/ possibility to increase significantly. Favorable Zoning: T5-R! Ideal Buy-and-Hold Investment with HUGE UPSIDE for FUTURE REDEVELOPMENT. Property Has Access on 2 Streets. **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.,Listing Contract Date:2020-12-05,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%,Contract Status Change Date:2020-12-05,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:%,Internet Automated Valuation Display Y N:1,