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Income/MultiFamily - for Sale

817 NW 2ND ST, MIAMI, FL 33128

Sold Price$1,200,000 Asking Price$1,550,000

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  • Days on market:

    40 day(s)
  • Original Price:

    $1,600,000
  • Tax Legal Description:

    38 54 41 BRICKELLS RIVERVIEW PB 5-43 LOT 18 BLK 5 LOT SIZE 7500 SQUARE FEET OR 19798-2733 07 2001 1
  • Property Type:

    Income/MultiFamily
  • Parking:

    Shared Parking
  • Inclusions:

    Leases
  • Construction Type:

    Concrete Block Construction
  • Cooling Description:

    Wall/Window Unit(s)
  • Special Listing Conditions:

    Sale

Description

$1,550,000

Multifamily apartment building for sale. this 6-unit apartment building is fully rented and making net income--please see the attached pro-forma statement for details. most tenants have been residing in the building for years. finding new tenants is surprisingly easy, just put a "for rent" sign in the fence and get about 30 phone calls in one weekend. this property has potential for redevelopment as evidenced by the two new buildings built in front. the roof and all the electrical equipment were completely replaced last year as per current coding. minor structural repairs will be finished in some weeks. 50-year recertification is almost complete, and owner guarantees that all requirements will be completed by the closing date.

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