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

Multifamily Property For Sale

1528 SW 5 STREET

1528 SW 5 STREET, Miami, FL 33135

Price:
$1,100,000
No. Units:
14
Building Size:
7,944 SF
Price/Unit:
$78,571.43
Property Type:
Multifamily
Property Sub-type:
Mid/High-Rise
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
7.43%
Gross Rent Multiplier:
8.83
Occupancy:
100%
No. Stories:
2
Lot Size:
7,500 SF
Find Out More...

Last Verified 10/16/2009 Listing ID 16182028

Description

The seller of this property is a general contractor that specializes in buying older buildings then he does extensive remodeling of the building.
He holds the buildings for a number of years and then he sells them. This building was extensively REMODELED. YOU NEED TO SEE IT TO APPRECIATE IT. For example according to the seller all the plumbing fixtures were replaced and the plumbing lines were also replaced from the fixtures to the connection to the water & sewer lines on the street. All water heaters are waterless electrical water heaters, all units have central a/c. The electrical system has been completely upgraded, a new roof was done around 2001 plus the roof has a 4 inches pitch, making it more durable.. CHARMING BLDG. 100%

RENTED - 10-1BR/1BTH RENTED FOR $800/MO. 4 STUDIOS RENTED FOR $525/MO. GROSS INCOME $121,200. EACH UNIT HAS INDIVIDUAL WATER METER & ELECTRIC METER. Click financial ATTACHMENT FOR RENT ROLL AND FINANCIAL INFORMATION.

SW 16 AV TO SW 5 ST EAST TO PROPERTY.

Attachments

Enhanced Listing Web Site

Financial Summary

Unit Mix Information

Actual
Scheduled Gross Income
$124,500
Effective Gross Income
$120,765
Operating Expenses
$39,060
Net Operating Income
$81,705

Description	No. Units	Avg. Mo. Rent
1 br/1bth 9 units are section 8	10	$800
studio	4	$550
there is a non-conforming $550 not inclu	4	$550
Washer & Dryer	$175	$550
Gross income +washer & dryer $10,375	$175	$550

Map of 1528 SW 5 STREET, Miami, FL 33135 (Miami-Dade County)

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Contact Listing Broker

Juan Antunez (786) 306-7647

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Created 4/6/2009

Additional Information for 1528 Sw 5th Street, Miami, FL 33135

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 -

1528 SW 5 STREET, Miami, FL, 33135