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Multifamily Opportunity
$1,200,000
4333
Property ID
2,711 SqFt
Size
Description
Multifamily Opportunity: Centrally located multi-family to all major highways, minutes to coconut grove, coral gables, Brickell & Downtown Miami.
The property is rented below market rents so this allow for an immediate upside to a new owner.
The property is very spacious with a new roof, the seller is completing the 40 year recertification.
This property will only be shown with an agreed contract offer.
Please note that the seller does not want to alarm the tenants.
Highlights
Rent Roll:
- Unit 1- $1300 – 1 Bedroom 1 Bath
- Unit 2- $1700 – 3 bedrooms 1 bath
- Unit 3- $1575 – 2 bedrooms 1 bath
- Unit 4- $1625 – 2 bedrooms 1 bath
Total $6200/per month
Expenses: - Water: $120/M
- Grass: $45/M
- Taxes: $9,900
Address
Address:
2358 SW 18th St, Miami, FL 33145
- Country: United States
- Province / State: Florida
- City / Town: Miami
- Property ID 4333
- Price $1,200,000
- Property Type Multifamily
- Year Built 1926
- Size 2,711 SqFt
- Units 4
- Cap Rate 5.00%
- Zoning MULTIFAMILY 2-9 UNITS
- Class B
- Occupancy 100%
- Stories 2