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Real Capital Partners is pleased to present 3079 NW 11th St. Miami, Fl. 33125. Great opportunity to purchase a multifamily investment property in a high demand rental area. The property consists of 6 two-story duplex structures with a total of 12 units. Most units are 3BR/2.5 BA and some have converted the living room to a fourth bedroom. The roofs are in good condition and the property has approximately 40 parking spaces. Tenants are all month to month but have resided long-term with some tenants as long as 20 years. The owner is offering financing 5.5% interest only with a minimum down payment of $l.4mm. The property is generating a 5.52% cap rate on current income. Upon increasing rents to $2,000 per unit, the cap rate will increase to 7.57%.
DAYS ON MARKET | 129 | LAST UPDATED | 10/21/2021 |
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YEAR BUILT | 1984 | COMMUNITY | 31 |
COUNTY | Miami-Dade | STATUS | Sold |
PROPERTY TYPE(S) | Commercial |
ADDITIONAL DETAILS | |
AIR | CentralAir |
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AIR CONDITIONING | Yes |
AREA | 31 |
CONSTRUCTION | BLOCK |
HEAT | CENTRAL, Electric |
LOT | 0.75 acre(s) |
PARKING | Assigned,Common, 40 spaces |
SEWER | PublicSewer |
STORIES | 2 |
TAXES | 29074 |
UTILITIES | Electric - Item100AmpService |
WATER | Public |
TOTAL MONTHLY PAYMENT
SATELLITE VIEW |
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Data last updated: 3/29/24 6:01 AM PDT.
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