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Income/MultiFamily - 1330 NW 5th St for Sale

1330 NW 5TH ST, MIAMI, FL 33125

Asking Price$1,350,000

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  • Lot size 7500sqft
  • Taxes $11,124
  • Year Built 1956
  • Days on market:

    8 day(s)
  • Original Price:

    $1,350,000
  • Tax Legal Description:

    LAWRENCE ESTATE LAND COS SUB PB 2-46 LOT 4 BLK 42 LOT SIZE 7400 SQUARE FEET 74R-174349 COC 26079-1451 11 2007 5
  • Property Type:

    Income/MultiFamily
  • Parking:

    Assigned
  • Inclusions:

    Building & Land, Equipment,Leases
  • Lease Term Remaining:

    Annual Lease,Month To Month
  • Roof:

    Barrel Roof
  • Cooling Description:

    Central Individual A/C
  • Heating Description:

    Central Electric
  • Floor Description:

    Ceramic Floor
  • Special Listing Conditions:

    Sale
  • Lot Features:

    In Residential Area

Description

$1,350,000

Amazing investment opportunity. centrally located, legal 5-plex with an actual annual gross income of $81,600.00, yearly expenses of approximately $21,237, and net income of $59,160.00. at the list price cap rate of 4.7%. room to increase rents which the proforma shows 93k gross income and a cap rate of 5.4%, well-maintained remodeled building, with long-term tenants, separate water and electric meters. also, income from laundry is not included in annual gross income. purchase and begin earning money immediately.

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