535 7th St,Residential-Multi-Family

535 7th St, Miami, Florida, 33136

Price $1,875,000.00

  • Lot size 7500
  • Year Build 1959
  • Waterfront
  • Zip 33136
  • Style
  • Parking Description
  • Pool Yes
  • Status Active

Description

APEX Capital Realty is proud to present a fully renovated 12-unit multifamily building, just west of I-95 near Downtown Miami. 100% occupancy and all tenants have been paying rent throughout the COVID pandemic. Spacious unit mix included six (6) 1/1?s and six (6) 2/1?s with each unit being between 500-650 Square Feet. Gross Operating Income of $150,000+. Operating expenses, including adjusted real estate taxes, are roughly $33,000 per year, leaving approximately $117,000 of NOI per year. The property received its 40-year re-certification from the City at the end of 2019. There is upside to an investor on market rate adjusted rents. The property is positioned in a great area in relation to the growth and development within the City of Miami.

MIAMI NORTH PB B-41 LOT 16 BLK 49 LOT SIZE 7500 SQ FT OR 22071-1253 12 2003 4 COC 24521-2770 05 2006 1

APEX Capital Realty is proud to present a fully renovated 12-unit multifamily building, just west of I-95 near Downtown Miami. 100% occupancy and all tenants have been paying rent throughout the COVID pandemic. Spacious unit mix included six (6) 1/1?s and six (6) 2/1?s with each unit being between 500-650 Square Feet. Gross Operating Income of $150,000+. Operating expenses, including adjusted real estate taxes, are roughly $33,000 per year, leaving approximately $117,000 of NOI per year. The property received its 40-year re-certification from the City at the end of 2019. There is upside to an investor on market rate adjusted rents. The property is positioned in a great area in relation to the growth and development within the City of Miami.

City:Miami,Zoning:6101,List A O R:A-Miami Association of REALTORS,Latitude:25.7808183,Malone Id:1011537636,List Price:1875000,Listing Id:A10969048,Longitude:-80.2037424,Mls Status:Active,Year Built:1959,Postal Code:33136,Street Name:7th St,Coordinates:1:25.7808183,Photos Count:5,Days On Market:15,Lot Size Units:Square Feet,On Market Date:2020-12-02,Parcel Number:01-01-04-090-1190,Property Type:Commercial Sale,Street Number:535,Public Remarks:APEX Capital Realty is proud to present a fully renovated 12-unit multifamily building, just west of I-95 near Downtown Miami. 100% occupancy and all tenants have been paying rent throughout the COVID pandemic. Spacious unit mix included six (6) 1/1?s and six (6) 2/1?s with each unit being between 500-650 Square Feet. Gross Operating Income of $150,000+. Operating expenses, including adjusted real estate taxes, are roughly $33,000 per year, leaving approximately $117,000 of NOI per year. The property received its 40-year re-certification from the City at the end of 2019. There is upside to an investor on market rate adjusted rents. The property is positioned in a great area in relation to the growth and development within the City of Miami.,County Or Parish:Miami-Dade County,Expiration Date:2021-06-01,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:3268,State Or Province:FL,Street Dir Prefix:NW,Tax Annual Amount:15835,Unparsed Address:535 NW 7th St, Miami FL 33136,Listing Agreement:Exclusive Right To Sell,Building Area Total:6348,Building Area Units:Square Feet,Lot Size Square Feet:7500,Original List Price:1875000,Public Survey Range:1,I D X Participation Y N:1,Syndication Remarks:APEX Capital Realty is proud to present a fully renovated 12-unit multifamily building, just west of I-95 near Downtown Miami. 100% occupancy and all tenants have been paying rent throughout the COVID pandemic. Spacious unit mix included six (6) 1/1?s and six (6) 2/1?s with each unit being between 500-650 Square Feet. Gross Operating Income of $150,000+. Operating expenses, including adjusted real estate taxes, are roughly $33,000 per year, leaving approximately $117,000 of NOI per year. The property received its 40-year re-certification from the City at the end of 2019. There is upside to an investor on market rate adjusted rents. The property is positioned in a great area in relation to the growth and development within the City of Miami.,Listing Contract Date:2020-12-02,Originating System I D:miamire,Public Survey Section:4,Street Number Numeric:535,Tax Legal Description:MIAMI NORTH PB B-41 LOT 16 BLK 49 LOT SIZE 7500 SQ FT OR 22071-1253 12 2003 4 COC 24521-2770 05 2006 1,Public Survey Township:1,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2%,Contract Status Change Date:2020-12-02,Transaction Broker Compensation:2%,Transaction Broker Compensation Type:%,

  • Price $1,875,000.00
  • Price Change: 2020-12-09
  • Lot size sq. ft.
  • Price per sq.ft.
  • Year Build 1959
  • Waterfront
  • View
  • Pool Yes
  • Style
  • Construction
  • Parking Description
  • Flooring Type
  • Property Type Commercial Sale
  • Status Active
  • Listed 2020-12-09
  • Days on Market 132
  • Furnished
  • City Miami
  • Zip 33136
  • State Florida
  • Subdivision
  • Development Name
  • HOA Fees
  • Taxes 15835
  • Taxes Year