922 NW 2nd St
Miami, FL 33128
Henderson Park Fourplex · Multifamily Property For Sale
·
4 Units
Property Facts
| No. Units | 4 | Building Size | 2,354 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1925 |
| Building Class | C | Parking Ratio | 2.55/1,000 SF |
| Lot Size | 0.14 AC | ||
| Zoning | T4-R | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 2,354 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1925 |
| Parking Ratio | 2.55/1,000 SF |
| Zoning | T4-R |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Range
Site Amenities
- Laundry Facilities
- Playground
- Tennis Court
- Basketball Court
About 922 NW 2ND ST , MIAMI, FL 33128
Eleventrust is proud to present Henderson Park Fourplex, 922 NW 2 St. Miami, FL. This property was built in 1925 with concrete slab on 6,000 sq. ft. lot zoned T4-R. Offers a great unit mix: 3 Bed/1 Bath, 2 Bed/1 Bath and (2) 1 Bed/1 Bath units. Property is divided in 2 structures, each unit with their own electric meter. Property needs some improvements and that is the value add opportunity for the investor. Currently the building is running on 5.25% cap rate so investor has the opportunity to invest $5k-$10k per unit in improvements, in order bring the rents to market and enjoy a 7% return on investment. Great central location, property is 1/2 mile from the Miami River, walking distance to Seaspice, Crust- "One of the Best Pizzas in town" and Garcia's seafood restaurant. Only 1.5 miles from Downtown Miami & 1 mile from Government Center Train Station.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 1 | $1,400 | - |
| 2+1 | 1 | $1,225 | - |
| 1+1 | 2 | $900.00 | - |
Property Taxes
| Parcel Number | 01-4138-003-0740 | Improvements Assessment | $396,600 |
| Land Assessment | $450,000 | Total Assessment | $846,600 |
Property Taxes
