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

Multifamily Property For Sale

NW 36 Street

3010-3070 NW 36 Street, Miami, FL 33142

Price:
$4,000,000
No. Spaces:
61
Building Size:
6,000 SF
Price/Space:
$65,573.77
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:
8%
Occupancy:
98%
No. Stories:
1
Lot Size:
3.75 AC
Tax ID / APN #:
01-3128-012-0011
Find Out More...

Last Verified 10/29/2009 Listing ID 15964411

Description

Steady income stream on fabulous in-fill location. Land is suitable for retail, residential, or mixed use developments.

All parcels total 163,477 Sq. Ft. - 3.75 Acres

The northern portion of the property consists of 81,699 Sq.Ft., is zoned C-2 (City of Miami) It is rented to well established long term businesses, mostly car dealers.

The southern half consists of 81,320 Sq.Ft. (Miami-Dade County) is zoned Bu-1a (Business Limited) and Ru-3b (Bungalow) and is being occupied by a Mobile Home Park with month to month tenants.

There are a total of 56 Mobile Home Pads and 5 Commercial Tenants

The gross income for the property is +/- $480,000 Annually

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

NW 36th Street Frontage
Strategically located near Miami International Airport, Jai Alai, 112 Expressway, I-95, Former Orange Bowl Site, Mid-Town Miami, and Hospitals

Financial Summary

Space Mix Information

Proforma
Year
2008
Scheduled Gross Income
$492,078
Effective Gross Income
$480,616
Operating Expenses
$150,299
Net Operating Income
$330,317

Description	No. Spaces	Avg. Mo. Rent
Mobile Home Pads	56	$475
Commercial Tenants	5	$475

Map of 3010-3070 NW 36 Street, Miami, FL 33142 (Miami-Dade County)

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Created 10/28/2008

Additional Information for 3010 Nw 36th Street, Miami, FL 33142

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 36 Street

3010-3070 NW 36 Street, Miami, FL, 33142