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8 Value Income Producing Properties 11,217 square feet $1,436,500 / $128 per square foot Historic High $219 per square foot Replacement Value $185 per square foot Selling at 58% of Historic High Selling at 69% of Replacement Value 6.97% overall CAP Includes 2 year guaranteed rental income 2 year LJR Repair Program Requires 2 year TSG Property Management contract Property Types: TCB023- townhouse TCD037- townhouse TCD038 townhouse TCB024- condo TCD039- condo TCD040 condo TCD041 condo LEP007 multifamily (duplex)
REPRICED PRIME NE corner composed of 3 folios totaling 9683 SF. This property is optimally located between US-1 and Coral Way in South Miami on SW 27th Avenue. It is in very close proximity to Coconut Grove, Coral Gables, Brickell Avenue and Key Biscayne. Shell Lumber is one block over and many new businesses are currently under construction. A new Jimmy John's will open soon just a block over and a new CVS and Wells Fargo opened recently just over 1.5 miles North. There is an Office Depot and Publix within a few blocks. The property has a concrete "as is" bldg (1266 SF-the value is in the land) that is currently home to Gordon's Bait & Tackle; the true value is in the land. There is no lease on the property, occupied by my business. The parking lot has ample parking and was done in the mid 90s with 2 french drains and several large oak trees. Previously, this was a doctor's office. The zoning is T4 open, residential/commercial. This area is very hot!
MAKE AN OFFER. 2 MULTI FAMILY AND RETAIL IN PRIME LOCATION. OVER 22,000 SQ WITH 100% LEASE. INQUIRE FOR RENT ROLLS AND EXPENSES. WELL MAINTAINED.
Low Income Tax Credit Housing development. Rare opportunity to own a fully developed project built in 1993. Units are all 2 & 3 bedrooms with 2 bathrooms. Central Air, Full Kitchens, onsite parking. Rent Restricted Income Restricted Project. Needs TLC, purchase for less than replacement cost.
This 12 unit, three-story, 7186 SF multifamily building has been fully renovated including new plumbing, electrical, heating and air conditioning, kitchens, and baths. All units are separately metered. The unit mix of 6 One Bedroom and 6 Two Bedroom (no Studios or Efficiencies) provides a stable tenant base and future upside potential with increased rents. 12% Cap Rate! See attachments for Offering Memorandum and required LOI for showings.
NOTE:PROOF OF FUNDS or MORTGAGE PRE-QUAL REQUIRED PRIOR TO A SHOWING. John Ackermann, CCIM presents 5600 NE 1st Ave, FL 33127. An easy to operate 4-plex in a quiet rental community with tree-lined streets. All units (4) are 1 BR/1 Bath. Two over market rent Sect 8 Plus rents, 2 at market rent. Expense breakdown: Water $1,200 Real Estate Taxes $2,780 (With Nov payment discount) Garbage: $1520 Insurance dwelling $2,963 Liability $1,935 Flood $414 Landscaping $600
Completely redone building, plumbing, electricity, new kitchen, new bath, kitchen appliances, central A/C, Titan water heater, new roof, tented for termite, painted inside and out.
These are 8 Condo units in Caribbean Gardens Condo. They are all 2 BR 2 Bath units of 840 sq ft. They have central a/c and screened balconies. They are all rented and have been renovated with ceramic floors.
"Pristine unit overlooking Biscayne Bay at Bay Park Towers on Biscayne Blvd, Downtown Miami! This waterfront studio has been COMPLETELY remodeled and is currently rented @ USD1,350 (under mkt rent) to a great tenant until 11/2015. Maintenance is USD337/mo. and Prop Taxes 2014 paid are USD1,662. That's USD10,494 of free cash-flow per annum. Rent Comps for Studios on the water are at USD1,500. Great for future end user or investor seeking cash-flow and appreciation.
WELL LOCATED RENTAL INCOME DUPLEX - PRODUCING $2,400 PER MONTH WITH CONTROLLED MAINTENANCE EXPENSES WHICH PROVIDE A CAP RATE ABOVE 8% AND LIKELIHOOD TO INCREASE THAT NUMBER. THE FLEXIBILITY OF THE LOCATION & ZONING T4-L GIVES AN EXTRADINARY OPPORTUNITY TO REBUILD FOR A BIGGER PROPERTY GETTING A BETTER RETURN FOR THE INVESTMENT