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Browse More Listings in Multifamily For Sale, Miami, FL or Florida

Multifamily Property For Sale

NW 79th Street

1175 NW 79 Street, Miami, FL 33150

Price:
$2,450,000
No. Spaces:
79
Price/Space:
$31,012.66
Property Type:
Multifamily
Property Sub-type:
Mobile Home/ RV Community
Additional Sub-types:
Multifamily (land)
Residential (land)
Commercial/ Other (land)
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
11.57%
Occupancy:
92%
Lot Size:
4.92 AC
Tax ID / APN #:
30-3111-000-0170
Find Out More...

Last Verified 10/29/2009 Listing ID 15964178

Description

Great re-development opportunity! Five-acre mobile home park with month-to-month tenants.

Property has dual zoning: Bu-2 (Business) and Ru-2 (Two Family Residence).

The property is has 74 Mobile Home Pads, 3 Cottages, and 1 Duplex. A total of 79 rental units.

The gross income of the property is about +/- $370,000 annually.

Do not contact the tenants for any reason! They are not aware of the sale.

Fronts NW 79th Street on South Side
Fronts NW 81st Street on the North Side
Steps away from I-95

Financial Summary

Space Mix Information

Proforma
Year
2008
Scheduled Gross Income
$429,000
Effective Gross Income
$393,120
Operating Expenses
$108,200
Net Operating Income
$284,920

Description	No. Spaces	Avg. Mo. Rent
Mobile Home Pads	74	$445
Cottages	3	$500
Duplex	2	$595

Map of 1175 NW 79 Street, Miami, FL 33150 (Miami-Dade County)

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Created 10/28/2008

Additional Information for 1175 Nw 79th Street, Miami, FL 33150

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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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.

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Multifamily Property For Sale - NW 79th Street

1175 NW 79 Street, Miami, FL, 33150