1590 38th St,Other, Duplex, Allapattah View

1590 38th St, Miami, Florida, 33142

Price $458,700.00

  • Lot size 2626
  • Year Build 1930
  • Waterfront
  • Zip 33142
  • Style Other
  • Parking Description
  • Pool Yes
  • Status Active

Description

Habitat Realty is pleased to present this unique investment opportunity for the acquisition of a Duplex with two 3 bedroom / 1 bathroom apartments with a solid cash flow. The duplex has 5,840 square foot lot with T6-8 Open zoning, which allows 150 units per acre. The Duplex is located in a limited sector of blocks with high density in Allapattah neighborhood, being able to build 20 units in a building of up to 8 stories high. The Duplex is just 4 blocks away from Allapattah metro Station, 8 minutes away from Jackson Hospital and just 5 minutes from Wynwood and Design District area. An area that is rapidly expanding and experiencing revitalization. Around the corner is 17 Avenue with easy access to 112 and I95. Actual Cap Rate 6.5%

ALLAPATTAH VIEW PB 12-67 LOT 10 BLK 2 LOT SIZE 40.000 X 146 OR 20701-3829 0702 1 COC 23182-3916 25715-0829 0305 1

Less Than 1/4 Acre Lot

Habitat Realty is pleased to present this unique investment opportunity for the acquisition of a Duplex with two 3 bedroom / 1 bathroom apartments with a solid cash flow. The duplex has 5,840 square foot lot with T6-8 Open zoning, which allows 150 units per acre. The Duplex is located in a limited sector of blocks with high density in Allapattah neighborhood, being able to build 20 units in a building of up to 8 stories high. The Duplex is just 4 blocks away from Allapattah metro Station, 8 minutes away from Jackson Hospital and just 5 minutes from Wynwood and Design District area. An area that is rapidly expanding and experiencing revitalization. Around the corner is 17 Avenue with easy access to 112 and I95. Actual Cap Rate 6.5%

City:Miami,Zoning:6100,Cooling:1:Electric,Heating:1:Electric,List A O R:A-Miami Association of REALTORS,Tax Year:2020,Flooring:1:Other,Latitude:25.8107058,Malone Id:2093830810,Cooling Y N:1,Heating Y N:1,List Price:458700,Listing Id:A10994039,Longitude:-80.2229163,Mls Status:Active,Year Built:1930,Living Area:2484,Postal Code:33142,Street Name:38th St,Coordinates:1:25.8107058,Photos Count:18,Building Name:ALLAPATTAH VIEW,Days On Market:102,Listing Terms:1:Conventional,2:Other Terms,Lot Size Units:Square Feet,M L S Area Major:Allapattah View,On Market Date:2021-02-03,Parcel Number:01-31-23-018-0210,Parking Total:4,Property Type:Residential Income,Rent Includes:1:Trash Collection,Stories Total:2,Street Number:1590,M I A M I R E_ Style:Duplex,Public Remarks:Habitat Realty is pleased to present this unique investment opportunity for the acquisition of a Duplex with two 3 bedroom / 1 bathroom apartments with a solid cash flow. The duplex has 5,840 square foot lot with T6-8 Open zoning, which allows 150 units per acre. The Duplex is located in a limited sector of blocks with high density in Allapattah neighborhood, being able to build 20 units in a building of up to 8 stories high. The Duplex is just 4 blocks away from Allapattah metro Station, 8 minutes away from Jackson Hospital and just 5 minutes from Wynwood and Design District area. An area that is rapidly expanding and experiencing revitalization. Around the corner is 17 Avenue with easy access to 112 and I95. Actual Cap Rate 6.5%,County Or Parish:Miami-Dade County,Expiration Date:2021-08-05,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:4832,Property Sub Type:Duplex,State Or Province:FL,Street Dir Prefix:NW,Subdivision Name:ALLAPATTAH VIEW,Tax Annual Amount:3991,Total Actual Rent:39600,Unparsed Address:1590 NW 38th St, Miami FL 33142,Listing Agreement:Exclusive Right To Sell,Operating Expense:8686,Year Built Details:Resale,Building Area Total:2626,Building Area Units:Square Feet,Lot Size Square Feet:2626,M I A M I R E_ L P Amt Sq Ft:184.6618,Original List Price:4687000,Previous List Price:468700,Public Survey Range:31,Documents Available:1:Other Available Information,2:Rent Rolls,I D X Participation Y N:1,Net Operating Income:30914,Syndication Remarks:Habitat Realty is pleased to present this unique investment opportunity for the acquisition of a Duplex with two 3 bedroom / 1 bathroom apartments with a solid cash flow. The duplex has 5,840 square foot lot with T6-8 Open zoning, which allows 150 units per acre. The Duplex is located in a limited sector of blocks with high density in Allapattah neighborhood, being able to build 20 units in a building of up to 8 stories high. The Duplex is just 4 blocks away from Allapattah metro Station, 8 minutes away from Jackson Hospital and just 5 minutes from Wynwood and Design District area. An area that is rapidly expanding and experiencing revitalization. Around the corner is 17 Avenue with easy access to 112 and I95. Actual Cap Rate 6.5%,Listing Contract Date:2021-02-03,Originating System I D:miamire,Public Survey Section:23,Showing Instructions:24 Hour Notice,Appointment Only,List Agent Must Accompany,Street Number Numeric:1590,Tax Legal Description:ALLAPATTAH VIEW PB 12-67 LOT 10 BLK 2 LOT SIZE 40.000 X 146 OR 20701-3829 0702 1 COC 23182-3916 25715-0829 0305 1,Public Survey Township:31,Construction Materials:1:Frame With Stucco,2:Other,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:1%,M I A M I R E_ Adjusted Area S F:2282,Contract Status Change Date:2021-02-03,Internet Address Display Y N:1,Number Of Units In Community:2,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:184.66,

  • Price $458,700.00
  • Price Change: 2021-05-14
  • Lot size sq. ft.
  • Price per sq.ft.
  • Year Build 1930
  • Waterfront
  • View
  • Pool Yes
  • Style Other
  • Construction CBS Construction, Frame With Stucco, Other
  • Parking Description
  • Flooring Type Ceramic Floor, Other
  • Property Type Residential Income
  • Status Active
  • Listed 2021-05-14
  • Days on Market 104
  • Furnished
  • City Miami
  • Zip 33142
  • State Florida
  • Subdivision ALLAPATTAH VIEW
  • Development Name ALLAPATTAH VIEW, Allapattah View
  • HOA Fees
  • Taxes 3991
  • Taxes Year 2020