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14710704
18459657

2622 NW 24th St, Miami, FL 33142 For Sale

IA
FL 0650960
Premier Properties
JR
3220355
Premier Properties
Listed by Premier Properties
$2,600,000
1682 days on market
Updated 83 days ago
Opportunity zone

Allapattah 4 Plex

Details
APN 01-3127-004-0330
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,148
Net Rentable (SqFt) 5,148
Units 4
Cap Rate 4.71%
NOI $122,400
Occupancy 100%
Pro-Forma Cap Rate 4.85%
Pro-Forma NOI $126,000
Price per SqFt $505
Broker Co-Op Yes
Class C
Year Built 1983
Year Renovated 2023
Buildings 1
Stories 2
Lot Size (SqFt) 7,150
Zoning T4-R
Investment Type Stabilized

Multifamily | 4.71% CAP | 4 Units

Marketing description

Premier Properties is pleased to offer for sale 2622 NW 24 ST Miami, FL. 33142. The two story apartment building was constructed in 1983 of CBS. The currrent unit mix consist of 4, three bedroom , two bathroom units, plus small den room. The building also was renovated in 2022-2023 including new, windows, doors, bathrooms, A/C units, electrical & plumbing. The building has one water meter for all units and separate electrical meters per unit. There are two exit stairways on each end of the building. The landlord pays water & tenants pay for there own electricity use independently.

The previous owner built the property originally designed of eight residential units, but operated as a fourplex. The current owner operates the building as a fourplex. The building is collecting $153K a year gross income with 100% occupancy.

Investment highlights

  • Miami has experienced strong market conditions in recent years and continues to attract new residents and businesses

  • Close to Magic City Casino, Merrick Park and Wynwood

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Listing Contacts

IA
FL 0650960
Premier Properties
JR
3220355
Premier Properties
Listed by Premier Properties

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Loan Amount
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Annual Cash Flow
$122,400.00
$10,200.00/mo

Valuation Metrics

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DSCR
4.71%
Cap Rate
4.71%
ROI

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Additional Information

Name
Ivette Agusti
License
0650960
Brokerage
Premier
Brokerage Phone
305-790-6125
Title
Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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