This property is Off-Market
77 NW 77th Street
Miami, FL 33150 ·
10 Units · Multifamily For Sale
Little River Townhouse Apartments
|No. Units||10||Cap Rate||10%|
|Building Size||7,854 SF||Occupancy||60%|
|Property Type||Multifamily||No. Stories||2|
|Property Sub-type||Garden/Low-Rise||Year Built||1970|
|Property Use Type||Investment||Lot Size||15,179 SF|
|Distressed||Yes||APN / Parcel ID||01-3112-048-0260|
|Listing ID: 16800052||Date Created: 08/16/2010||Last Updated: 03/28/2011|
EXCELLENT MULTI-FAMILY RENTAL OPPORTUNITY/Huge Upside
Two- story, 10 unit townhouse apartment complex constructed in 1970. 40 year City of Miami recertification is complete and has been accepted. All of the units are 2 BR, 1.5 Bath and are approximately 785 square feet. The units feature exterior balconies on the second floor and open patios on the ground level. All of the units are separately metered for electric and feature roof mounted package air conditioning units. Kitchens and baths have ceramic tile floors and wood cabinetry. The property is fully fenced with a common grass courtyard area. The property is clean, neat and easy to manage and is qualified to accept Section 8 tenants. Rents average $850.00 per month. Very little deferrred maintenance required and units are in ready to go "rent ready" condition.
PROPERTY IS BANK OWNED REO AND DOES NOT HAVE ANY SELLER FINANCING. BANK WILL ONLY CONSIDER ALL-CASH OFFERS IN "AS IS" CONDITION, WITH SHORT DUE DILIGENCE PERIODS, QUICK CLOSINGS AND PROOF OF FUNDS REQUIRED.
Property is ideal for current rental opportunity and possible future use as condominium conversion
The property is centrally located in Little River area of Miami, two blocks south of NW 79th Avenue and just west of Miami Avenue. I-95 is located approximately 1/2 mile west and US 1 is 3/4 mile east. The area is close to numerous shopping centers, employment centers, public and private schools as well as houses of worship. Great rental area!
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