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a cash flow producing income property
$3,500,000
For sale
8956
Property ID
5,928 SqFt
Size
Description
Are you looking for a cash flow producing income property every month? 167 NW 38th St. Is a lovely remodeled, gated 8-Unit property adjacent to the Miami Design District and just 10 minutes by car to the Miami International Airport and to the Beach.
The property has undergone a complete gut renovation over the past 3 years.
All permits have been finalized and closed. 40-year recertification in 2020. Certificate of Occupancy in 2022.
The property is currently being marketed 100% occupied as a short-term income-producing property, its T4-O commercial zoning, it has many other uses By Right including multifamily, bed and breakfast, Inn, offices, and much more.
Unique development like that in this hottest area in Miami.
HIGHLIGHTS
- Lot Features: City Location
- Documents Available: Appraisal
- Cooling: Other
- Heating: Central Electric
- Flooring: Tile, Vinyl
- Construction Materials: Insulated, Sheet Rock
- Parking Features: Free Parking, On Street
- Security Features: Smoke Alarm, Smoke Detector(s), Fire Sprinkler System, Security Fence, Security Gate, Security Lights
- Buyer Agency Compensation: 3%
- Ownership: Corporation
- Showing Instructions: Call Listing Agent
Address
Address:
167 NW 38th St, Miami, FL
- Country: United States
- Province / State: Florida
- City / Town: Miami
- Property ID 8956
- Price $3,500,000
- Property Type Hotel
- Property status For sale
- Year Built 1925
- Size 5,928 SqFt
- Keys 8
- Floors 2