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Little River Townhouse Apartments

77 NW 77th Street, Miami, FL 33150

N/A

10 Units | Multifamily

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LITTLE RIVER TOWNHOUSES

Multifamily Property - Off Market

Price:
N/A
No. Units:
10
Building Size:
7,854 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Distressed:
Yes
Commission Split:
2.5%
Cap Rate:
10%
Occupancy:
60%
No. Stories:
2
Year Built:
1970
Lot Size:
15,179 SF
APN / Parcel ID:
01-3112-048-0260
Listing ID
16800052
Last Updated
over 1 year ago

Description

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!

Map of 77 NW 77th Street, Miami, FL 33150 (Miami-Dade County)

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