Prepared for 7/17/2015
Properties for Sale 1
190 ne 90th st, Miami, FL 33138 Property Details Price No. Units Building Size Lot Size Price/Unit Property Type Property Sub-type Property Use Type Cap Rate Occupancy Year Built Status
$639,000 6 3,423 SF 0.17 AC $106,500 /Unit Multifamily Garden/Low-Rise Investment 7% 100% 1955 Active
Property Notes
Property Description 6 unit corner garden style apartment complex located in El Portal,new electric,plumbing,windows,new tile roof 2009,Building was re certified 2014.Zoning allows multiple uses Office or multifamily.
Location Description El Portal is a picturesque and historic village in Miami-Dade County,Florida.The Village's shaded streets and quiet traffic make the community a cool ,green oasis,just minutes from downtown Miami.
PREDIO COM SEIS UNIDADES, EM TERRENO DE ESQUINA, LOCALIZADO NO DISTRITO DE EL PORTAL, ESTRATEGICAMENTE LOCALIZADO A MINUTOS DE MIAMI BEACH E DOWNTOWN MIAMI. PARTE ELETRICA, ENCANAMENTO E JANELAS NOVAS E O TELHADO REFEITO EM 2009.
RETORNO ATUAL EM TORNO DE 7%
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2
7611 NE 2 Ct, Miami, FL 33138 Property Details Price No. Units Building Size Lot Size Price/Unit Property Type Property Sub-type Property Use Type Commission Split Cap Rate No. Stories Year Built Parking Ratio Status
$789,000 8 5,801 SF 0.27 AC $98,625 /Unit Multifamily Garden/Low-Rise Investment 7% 2 1947 8 / 1,000 SF Active
Property Notes
Property Description MULTI FAMILY RENTAL BUILDING(2) 8 UNITS TOTAL. RECENTLY PAINTED AND MANY NEW APPLIANCES. GREAT INVESTMENT OPPORTUNITY. APPROX. 7% CAP RETURN ON ASKING PRICE. GROSS ANNUAL RENT $73,200 - ANNUAL EXPENSES $15,000. -NOI $58,200 -WON'T LAST!!!
Location Description As per this past issue of the Biscayne Times publication (link above), different important groups have been acquiring blocks in the area for future development. The area is being called to be as the next Wynwood (refer to link below). All units are rented. In 2013 many units were renovated and new appliances were installed in those units. Buildings are strategically located in corner lot 1 block away form NE 2Ave and 3 blocks away from 79ST (79 causeway to Miami Beach). The Design District, now referred as "The Rodeo Drive of Miami" is located 35 blocks south on NE 2Ave. Midtown and Wynwood are located 40 blocks south.6 Blocks north, there is city of El Portal, and 15 blocks north you enter the historic city of Miami Shores. Houses in this area are selling for $300/sft average, some for over $400 sqft.
Map PREDIO COM 8 UNIDADES, TODAS ATUALMENTE ALUGADAS. EM 2013 ALGUMAS UNIDADES FORAM REFORMADAS E FORAM INSTALADOS ELETRODOMESTICOS NOVOS NESSAS UNIDADES.
RECEITA ( PROVIDENCIADAS PELO VENDEDOR ) : RECEITA BRUTA $73,200.00 DESPESAS $15,000.00 RECEITA LIQUIDA $ 58,200.00
Map
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1
190 ne 90th st Miami, FL 33138
2
7611 NE 2 Ct Miami, FL 33138
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