1829 NW 2nd Ct, Miami FL 33136

Closed

$2,480,000

Est. Payment $13,200/mo

MLS Sheet Video

1942

Year Built

Stories

Days on Market

Description

Fausto Commercial is pleased to present this exceptional Overtown 16-unit Multifamily Apartment Building. The property consists of 16 one-bedroom/one-bathroom units totaling 8,178 rentable square feet. Property is a 1940's vintage with a new roof, new railing, and new fire alarms installed in the last 5-years. Solid opportunity for someone interested in renovating and adding value to this multifamily income property. Seller is intending on delivering approved permits for a full gut renovation for the property. It is situated on 7,500 Sq Feet of land. This exceptional property is being offered for sale at $2,480,000. After renovation and renting the units at market rent, the year one cap is expected to be at 7%.

Facts

MLS#: A11139043
Subdivision: —
Property Type: Commercial Sale
Property Sub Type: Income/MultiFamily
Year Built: 1942
Lot Size: 7,500 ft²
Sq. Ft.: —
Sq. Mt.: —
Price per sq. ft.: —
Price per sq. mt.: —
Stories: 2
Garage: —
Pool: —
Days on Market: 97 days
Listed: Dec 24, 2021
Last Updated: Jun 7, 2022
Price/Lot Sq.Ft.: $331/ft²

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Market insights for Miami

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

May 2026

94/100

Buyers marketSellers market

Median days to sold

+4.5%

1-year price forecast (est.)

Price & tax history

From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).

6/7/2022	Sold	$2,480,000
12/24/2021	Listed for sale	$2,480,000

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Location

1829 NW 2nd Ct, Miami FL 33136Directions

GreatSchools Summary Ratings

Public + private K-12 schools within 5 miles of this listing.

New Hope Christian School
PK,KG,1,2,3,4,5,6,7 · private · 0.4 mi
Fort Lauderdale Christian School
PK,KG,1,2,3,4 · private · 0.4 mi
Calvary Christian Academy
PK,KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 0.6 mi
Redeeming Word Christian Academy
PK,TK,KG,1,2,3,4,5,6,7,8 · private · 1.2 mi
Gold Coast Christian School
PK,KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 1.3 mi
Imagine Charter/N Lauderdale
KG,1,2,3,4,5 · charter · 1.4 mi
Broadview Elementary School
PK,KG,1,2,3,4,5 · public · 1.5 mi
Elite Academy School of Excellence
KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 1.5 mi
Healing Arts Institute of South Florida
1,2,3 · private · 1.5 mi
Soaring Eagles Academy
KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 1.5 mi

Estimated Monthly Payment

$15,416/mo

Principal & Interest

$13,200

Property Tax

$2,067

Insurance

$150

HOA

Down Payment20% ($496,000)

Interest Rate7.00%

Loan Term30 years

Property Tax Rate1.00% (FL avg ~1.0%)

HOA / Maintenance$0/mo

Insurance$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Sales Associate | Sunland Group

(954) 833-0020 info@rangelyadames.com

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