1293 109th St,Residential-Multi-Family

1293 109th St, Miami, Florida, 33161

Price $944,150.00

  • Lot size 12500
  • Year Build 1946
  • Waterfront
  • Zip 33161
  • Style
  • Parking Description
  • Pool Yes
  • Status Pending

Description

6% cap as is 7% in 6 months. Incredible opportunity for investors. Can be transformed in AIRBNB or REDEVELOPED (14 units) 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

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

6% cap as is 7% in 6 months. Incredible opportunity for investors. Can be transformed in AIRBNB or REDEVELOPED (14 units) 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,List Price:944150,Listing Id:A10998883,Longitude:-80.1717472,Mls Status:Pending,Year Built:1946,Directions:Biscayne Boulevard to NE 109 St. 1 block. West on NE 109 St. Property is on NW corner,Postal Code:33161,Street Name:109th St,Contingency:No Contingencies,Coordinates:1:25.8760261,Photos Count:5,Days On Market:48,Listing Terms:1:Conventional/Refinance,2:Cryptocurrency,3:Exchange,Lot Size Units:Square Feet,On Market Date:2021-02-12,Parcel Number:30-22-32-006-0680,Property Type:Commercial Sale,Street Number:1293,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 or REDEVELOPED (14 units) 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,County Or Parish:Miami-Dade County,Expiration Date:2022-03-11,Standard Status:Pending,Living Area Units:Square Feet,Major Change Type:Pending,Postal Code Plus4:7329,State Or Province:FL,Street Dir Prefix:NE,Tax Annual Amount:6865,Unparsed Address:1293 NE 109th St, Miami FL 33161,Listing Agreement:Exclusive Right To Sell,Building Area Total:2810,Building Area Units:Square Feet,Lot Size Square Feet:12500,Number Of Buildings:1,Original List Price:944150,Public Survey Range:22,I D X Participation Y N:1,Syndication Remarks:6% cap as is 7% in 6 months. Incredible opportunity for investors. Can be transformed in AIRBNB or REDEVELOPED (14 units) 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,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,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:3%,Contract Status Change Date:2021-04-01,Internet Address Display Y N:1,Dual Variable Compensation Y N:1,Transaction Broker Compensation:3%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,

  • Price $944,150.00
  • Price Change: 2021-02-13
  • Lot size sq. ft.
  • Price per sq.ft.
  • Year Build 1946
  • Waterfront
  • View
  • Pool Yes
  • Style
  • Construction
  • Parking Description
  • Flooring Type
  • Property Type Commercial Sale
  • Status Pending
  • Listed 2021-02-13
  • Days on Market 66
  • Furnished
  • City Miami
  • Zip 33161
  • State Florida
  • Subdivision
  • Development Name
  • HOA Fees
  • Taxes 6865
  • Taxes Year 2020