Updated 5-plex situated on a 11,600sf double lot zoned T3-0. Pro-forma 8.29% cap rate by increasing rents to market. All tenants are month to month. Property has (3) separate structures providing 3,203sf of living area. Three units are 2/1's and two are 1/1's. New upgrades include roof, hurricane-impact windows, plumbing, kitchen, floors and bathrooms. Little Haiti has an exciting future located minutes from Wynwood with major new projects like the Innovation District and plans to redevelop 65-acres into 5,000 workforce housing. Please DO NOT disturb tenants. Showing request approved after an offer is presented
Updated 5-plex situated on a 11,600sf double lot zoned T3-0. Pro-forma 8.29% cap rate by increasing rents to market. All tenants are month to month. Property has (3) separate structures providing 3,203sf of living area. Three units are 2/1's and two are 1/1's. New upgrades include roof, hurricane-impact windows, plumbing, kitchen, floors and bathrooms. Little Haiti has an exciting future located minutes from Wynwood with major new projects like the Innovation District and plans to redevelop 65-acres into 5,000 workforce housing. Please DO NOT disturb tenants. Showing request approved after an offer is presented
Neighborhood
Type
Total Baths
County
Miami-Dade County
Area
Little Haiti
Tax Amount
$6,951
Status
Sold
Listing #
A11575178
Built
1937
Listed on site
11 days
Sold Price
1050000