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

Multifamily Property For Sale

Apt. Developers Special!

540 NW 7 St., Miami, FL 33136

Price:
$1,599,000
No. Units:
52
Building Size:
26,316 SF
Price/Unit:
$30,750
Property Type:
Multifamily
Property Sub-type:
Mid/High-Rise
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
9%
Occupancy:
10%
Lot Size:
23,100 SF
Find Out More...

Last Verified 11/6/2009 Listing ID 16257987

Description

This is good property for buyer who could do a complete rehab. Exterior is sound, owner states new roof 2 years ago. Property has 52 units: 31 1/1, 13 2/1, and 8 efficiencies. Currently needs owner with hands on experience in rehabbing and upgrading. Currently only 5 tenants in building. Separate water and electric meters. Building is currently free and clear, and owner will finance. See attached excel sheet for proposed income/expense breakdown.

Located just minutes away from I-95, Jackson Mem. Hospital, Arena, and new Marlins Stadium location, this is minutes to downtown, and a great rental area. This is on the edge of what will probably be the next area of re-development and upgrading on downtown Miami. Location holds great promise.

Map of 540 NW 7 St., Miami, FL 33136 (Miami-Dade County)

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Robert Soucy (954) 346-4303

Jose Rodriguez (957) 668-1158

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Created 5/30/2009

Additional Information for 540 Nw 7th Street, Miami, FL 33136

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 1 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 - Apt. Developers Special!

540 NW 7 St., Miami, FL, 33136