1293 109th St,Detached, Quadruplex, Quadruplex, Fourplex, Amd Pl Bay Ridge

1293 109th St, Miami, Florida, 33161

Price $944,150.00

• Lot size 2810
• Year Build 1946
• Waterfront
• Zip 33161
• Style Detached
• Parking Description
• Pool Yes
• Status Pending

Description

6% cap as is 7% in 6 months. Incredible opportunity for investors. Can be transformed in AIRBNB. Close to Aventura, Wynwood and downtown Miami. 1 block from Biscayne, Aldi supermarket, new Dunkin Donuts, Citibank and Fontana Shops. Plenty of parking. This is a 7 units being used as a 5 units 2x 2bed/2bath + 3x 1/1. Building being renovated. Most of the work already done.Step in now and keep the upside. Enjoy a 7% cap while you wait for the appreciation. Huge 12,500 sqf corner lot that can be redeveloped to 14 units or used as an AIRBNB for short term rentals and bring a 20% return. Actually: Units 1 and 2 - 2Bed 2Baths rented at $1,650 Each Units 3, 4, 5 - 1Bed/1Baths rented at $1,150 each See Rent roll survey and floor plan in attachments

Incredible opportunity for investors. Close to Aventura, Wynwood and downtown Miami. 1 block from Biscayne, Aldi supermarket, new Dunkin Donuts, Citibank and Fontana Shops. Plenty of parking.This is a 7 units being used as a 5 units 2 2bed/2bath + 3 1/1. Building being renovated. Most of the work already done. upside. Enjoy a 7% cap while you wait for the appreciation-12,500 sqf lot-can build 14 units

32 52 42 AMD PL BAY RIDGE PB 20-8 LOTS 13 & 14 BLK 5 LOT SIZE 100.000 X 125 OR 18340-1823 1098 1

1/4 To Less Than 1/2 Acre Lot

6% cap as is 7% in 6 months. Incredible opportunity for investors. Can be transformed in AIRBNB. Close to Aventura, Wynwood and downtown Miami. 1 block from Biscayne, Aldi supermarket, new Dunkin Donuts, Citibank and Fontana Shops. Plenty of parking. This is a 7 units being used as a 5 units 2x 2bed/2bath + 3x 1/1. Building being renovated. Most of the work already done.Step in now and keep the upside. Enjoy a 7% cap while you wait for the appreciation. Huge 12,500 sqf corner lot that can be redeveloped to 14 units or used as an AIRBNB for short term rentals and bring a 20% return. Actually: Units 1 and 2 - 2Bed 2Baths rented at $1,650 Each Units 3, 4, 5 - 1Bed/1Baths rented at $1,150 each See Rent roll survey and floor plan in attachments

City:Miami,Zoning:3700,List A O R:A-Miami Association of REALTORS,Tax Year:2020,Latitude:25.8760261,Malone Id:1066211202,Cooling Y N:1,List Price:944150,Listing Id:A10998770,Longitude:-80.1717472,Mls Status:Pending,Year Built:1946,Directions:Biscayne Boulevard (US-1) to 109 St. and new Dunkin Donuts. Turn on 109 St. West one block The building is the NW corner (Large parking lot),Living Area:2810,Postal Code:33161,Street Name:109th St,Contingency:No Contingencies,Coordinates:1:25.8760261,Photos Count:5,Building Name:AMD PL BAY RIDGE,Days On Market:48,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M L S Area Major:Amd Pl Bay Ridge,On Market Date:2021-02-12,Parcel Number:30-22-32-006-0680,Parking Total:7,Property Type:Residential Income,Rent Includes:1:Sewer,2:Trash Collection,3:Water,Stories Total:1,Street Number:1293,M I A M I R E_ Style:Fourplex,Off Market Date:2021-04-01,Public Remarks:6% cap as is 7% in 6 months. Incredible opportunity for investors. Can be transformed in AIRBNB. Close to Aventura, Wynwood and downtown Miami. 1 block from Biscayne, Aldi supermarket, new Dunkin Donuts, Citibank and Fontana Shops. Plenty of parking. This is a 7 units being used as a 5 units 2x 2bed/2bath + 3x 1/1. Building being renovated. Most of the work already done.Step in now and keep the upside. Enjoy a 7% cap while you wait for the appreciation. Huge 12,500 sqf corner lot that can be redeveloped to 14 units or used as an AIRBNB for short term rentals and bring a 20% return. Actually: Units 1 and 2 - 2Bed 2Baths rented at $1,650 Each Units 3, 4, 5 - 1Bed/1Baths rented at $1,150 each See Rent roll survey and floor plan in attachments,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,Expiration Date:2022-02-11,Private Remarks:Incredible opportunity for investors. Close to Aventura, Wynwood and downtown Miami. 1 block from Biscayne, Aldi supermarket, new Dunkin Donuts, Citibank and Fontana Shops. Plenty of parking.This is a 7 units being used as a 5 units 2 2bed/2bath + 3 1/1. Building being renovated. Most of the work already done. upside. Enjoy a 7% cap while you wait for the appreciation-12,500 sqf lot-can build 14 units,Standard Status:Pending,Living Area Units:Square Feet,Major Change Type:Pending,Postal Code Plus4:7329,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:NE,Subdivision Name:AMD PL BAY RIDGE,Tax Annual Amount:6865,Total Actual Rent:86400,Unparsed Address:1293 NE 109th St, Miami FL 33161,Listing Agreement:Exclusive Right To Sell,Operating Expense:20300,Year Built Details:Resale,Building Area Total:2810,Building Area Units:Square Feet,Lot Size Square Feet:2810,M I A M I R E_ L P Amt Sq Ft:335.9964,Original List Price:944150,Public Survey Range:22,Documents Available:1:Rent Rolls,I D X Participation Y N:1,Net Operating Income:66100,Number Of Units Total:7,Syndication Remarks:6% cap as is 7% in 6 months. Incredible opportunity for investors. Can be transformed in AIRBNB. Close to Aventura, Wynwood and downtown Miami. 1 block from Biscayne, Aldi supermarket, new Dunkin Donuts, Citibank and Fontana Shops. Plenty of parking. This is a 7 units being used as a 5 units 2x 2bed/2bath + 3x 1/1. Building being renovated. Most of the work already done.Step in now and keep the upside. Enjoy a 7% cap while you wait for the appreciation. Huge 12,500 sqf corner lot that can be redeveloped to 14 units or used as an AIRBNB for short term rentals and bring a 20% return. Actually: Units 1 and 2 - 2Bed 2Baths rented at $1,650 Each Units 3, 4, 5 - 1Bed/1Baths rented at $1,150 each See Rent roll survey and floor plan in attachments,Listing Contract Date:2021-02-12,Originating System I D:miamire,Public Survey Section:32,Showing Instructions:Call Listing Agent,Street Number Numeric:1293,Tax Legal Description:32 52 42 AMD PL BAY RIDGE PB 20-8 LOTS 13 & 14 BLK 5 LOT SIZE 100.000 X 125 OR 18340-1823 1098 1,Public Survey Township:22,Construction Materials:1:Stucco,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:3%,M I A M I R E_ Adjusted Area S F:2781,Contract Status Change Date:2021-04-01,Internet Address Display Y N:1,Number Of Units In Community:1,Dual Variable Compensation Y N:1,Transaction Broker Compensation:3%,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:336,