Commercial Sale
1829 2nd Ct
Miami, FL 33136
General Information
Location Information
Additional Features
Financial Information
Remarks
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%.
Listing Agent
Ariel Levi
Fausto Commercial Realty Consultants Inc
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Prepared by Rangely Adames · Sunland Group · Licensed FL Real Estate Sales Associate · rangelyadames.com · (954) 833-0020