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817 NW 2nd St, Miami FL 33128

Commercial Sale

817 2nd St

Miami, FL 33128

ML#:A11724081
List Price:$1,550,000
Status:Closed
Days on Market:40
Listing Brkr:Apas 1 LLC
Subdivision:
Bedrooms:0
Baths:0
SqFt (Liv):
Lot Size:7500 sqft
Year Built:1974
Stories:3

General Information

Type Property:Commercial Sale
Style:Income/MultiFamily
Pool:
Garage Spaces:0
Parking:

Location Information

County:Miami-Dade County
Zip:33128
Subdivision:
Latitude:25.775922
Longitude:-80.208268

Additional Features

Cooling:Wall/Window Unit(s)
Construction:Concrete Block Construction
Waterfront:No
Security:Other Fire Protection, Smoke Alarm, Smoke Detector(s), Security Fence

Financial Information

Annual Taxes:$23,157
Original Price:$1,600,000
Days on Market:40

Remarks

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.

Listing Agent

Alvaro Parra Ayala

Apas 1 LLC

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

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