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Apt. Developers Special!
540 NW 7 St., Miami, FL 33136
exterior front
N/A
52
26,316 SF
Multifamily
Mid/High-Rise
Investment
3%
9%
10%
23,100 SF
-
Last Verified 1/11/2010
Listing ID 16257987
Description
This is good property for buyer who could do a complete rehab. Exterior is sound, owner states new roof 2 years ago. Property has 52 units: 31 1/1, 13 2/1, and 8 efficiencies. Currently needs owner with hands on experience in rehabbing and upgrading. Currently only 5 tenants in building. Separate water and electric meters. Building is currently free and clear, and owner will finance. See attached excel sheet for proposed income/expense breakdown.
Located just minutes away from I-95, Jackson Mem. Hospital, Arena, and new Marlins Stadium location, this is minutes to downtown, and a great rental area. This is on the edge of what will probably be the next area of re-development and upgrading on downtown Miami. Location holds great promise.
Map of 540 NW 7 St., Miami, FL 33136 (Miami-Dade County)
Created 5/30/2009
Additional Information for 540 Nw 7th Street, Miami, FL 33136
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-BSO