$2,950,000 SALE
8,929 SF
7824 NW 5 CT
Miami, FL 33150

Headline (English) PROPERTY DESCRIPTION 12-unit apartment building completely remodeled 2022. All units are 2 bedroom one bath room. The unit breakdown as follows 6 units are 2/1, and 6 units are townhome style 2-1/5. Completely renovated new impact windows. New kitchen, bathroom flooring, new central air condition system. All units have wash a and dryers inside. PROPERTY HIGHLIGHTS 12 unit apartment building tastefully renovated. Strong rental income in place, very easy to lease/rent currently fully leased with a waiting list, due to the low inventory in the area. Subject property has all supporting documentation needed, 40-year certification passed and in place, environmental reports. Acquire a turnkey, cash flowing, business, completely renovated.

Property Type Multi-Family
Property Use Rental or Investment
Year Built 1969
Renovated Year 2022
Level Number 2
Lot Dimensions 15400
Sub-Lease 12
Cap Rate Percentage 6.45
Listing ID V4G3LH
Style Multi-Family (5-20 Units)
Building Size 8,929 SF
Lot Size 15400 AC
Available Date May 10th, 2022
Area Description


Region: Florida

Region: Miami Florida.

Property Features
Parking Ratio: 1.58
Parking Places: 19
Location Name: 7824 NW 5 CT Miami, FL 33150
Lot Size: Under 1/2 Acre
Cooling: A/C, Central A/C
Water: City Water
Sewer: City
Age: Over 50 Years Old
Down Payment: $1,032,500
Gross Income: $247,414
Expenses: $57,109
Loan Payment: $1,917,500
Fully Leased Income: $247,414
Cash Flow: $73,717

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