Listed by D´Lux Real Estate Services
$799,500
Zoned Mixed Use - Income-Producing property
Details
Property Type Industrial, Mixed Use
Sub Type Apartment Building, Flex
Square Footage 2,200
Net Rentable (SqFt) 2,200
Units 2
Cap Rate 7.58%
NOI $60,600
Occupancy 100%
Tenancy Multi
Lease Type Net
Class B
Year Built 1951
Year Renovated 2020
Buildings 1
Stories 2
Lot Size (SqFt) 4,500
Zoning MIXED USE-STORE/RESIDENTIAL
Parking Spaces 12 spaces
Parking per 1,000 SqFt 5.45
Investment Type Stabilized
Ground Lease No
Ceiling Height 14
Loading Docks 2
Ownership Corporation
FREE-STANDING MIXED GREAT LOCATION | JUST MINUTES AWAY FROM MIAMI INTERNATIONAL AIRPORT | ZONED T5-0
Marketing description
- FREE-STANDING MIXED USE building duplex style, with two(2) electrical meters.
- Zoned T5-0, commercial-residential-light industrial, which may allow for high-density development of office, retail, residential warehouse/storage, hospitality use with building heights capped at 5 stories.
- The building features an open ground space on the first floor and a multi-use upstairs.
- Currently holds an excellent Cap rate, STABLE YEAR-ROUND TENANTS.
- PRIME LOCATION! Minutes away from the Miami International Airport, the colorful murals of Wynwood, Downtown Miami, Design District, Brickell and the Beaches.
- Located in an Opportunity Zone.
- CURRENT INCOME:
- Total Gross Income $84,600.00
- Total Gross Expenses: ($23,216.00)
Investment highlights
- CURRENT INCOME:
- Total Income $84,600.00
- Up to Date Expenses:
- Electrical +/-$300 (annual $ 3,600.)
- Water +/-$200 (annual $2,400.)
- Waste $150 (annual $1,800.)
- Internet $120 (annual $1,440.)
- Maintenance: $300 (annual $3,600.)
- Annual Property Taxes 2025: ($4,376.)
- Property Insurances: ($6,000.00)
- Total expenses: ($23,216.00)
Listing Contacts
Listed by D´Lux Real Estate Services
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$60,600.00
$5,050.00/mo
Valuation Metrics
0
DSCR
7.58%
Cap Rate
7.58%
ROI
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