> Miami > 1561 Ne 118th St, Miami Fl 33161

1561 Ne 118th St, Miami Fl 33161


Miami, FL 33161

Commercial

Type

$780,000

List Price

0

Beds

0.0

Baths

Property Description

Miami Homes for Sale. Exceptional 5 unit Multifamily Apartment Building located in the growing North Miami market. This property consists of 3 one-bedroom units & 2 studios totaling 2,540 rentable square feet. Property is a 1950's vintage with a new roof installed recently. Great investment opportunity for those looking to take advantage of the overwhelming surge of upward pressure on rents and development in the area. It is situated on 7,697 Sq Feet of land. This exceptional property is being offered for sale at $780,000. After some renovation and increasing rents to the market average, the year one cap is expected to increase to 6.34%.

Property Information

MLS # : A11145636
Community : N/A
Total Acres : N/A
Address : 1561 Ne 118th St, Miami Fl 33161
City : Miami
Price : $ 780,000
Property Type : Commercial
Built In : 1956
Postal Code : 33161
County : Miami-Dade County

Property Features

SQFT
2,540
Stories
1
Cooling
Wall/Window Unit(s)
Flooring
Concrete
Heating
Wall/Window Units
Legal
BISCAYNE COURT PB 12-8 THAT PORT OF LOTS 39 & 40 LESS BEG SW COR LOT 39 E10FT TH NELY ALG ARC OF CURVE 110.29FT TO PT TH NWLY147.26FT TO NW
Pets Allowed
No
Roof
Shingle
Gross taxes
5298
Zoning
5700
Specials
Sale
Buildings
1
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Mortgage Calculator


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Property Tax

Home Insurance

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HOA Dues

Disclaimer: All figures are estimates only and are for informational purposes only. They are not meant to be used as quotes and you should always seek the help of a professional mortgage loan officer to calculate your exact numbers.
13%
Less expensive than nearby properties
$424,450
Neighborhood Median Price

Market Report

$307
Listing Home Price/Sqft
$337 *
Median List Price/Sqft
N/A
Median Sold Price/Sqft
$307
Listing Home Price/Sqft
$15 *
Median List Price/Sqft
$4 *
Median Sold Price/Sqft
All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Similar Homes For Sale

Listing courtesy of Ariel Levi , Fausto Commercial Realty Consultants Inc.

MLS # A11145636     $ 780,000

The Day & Jekov Group at CRR
RealStoria Level Agent
561-614-5353
info@realstoria.com
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