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1337 NW 77th St, Miami FL 33147,Miami,Miami-Dade County,Commercial Sale

$1,799,900

Commercial Sale Active

1337 NW 77th St, Miami FL 33147

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Commercial Sale Active

1337 NW 77th St, Miami FL 33147,Miami,Miami-Dade County,Commercial Sale

1337 NW 77th St, Miami FL 33147

$1,799,900

Overview

Income/MultiFamily
Property Type

1935
Year Built

Description

This unique property presents a significant opportunity for the right investor or developer. Please note that the property is currently encumbered by substantial liens and several unresolved legal violations. There are structural concerns, including roof damage and leaks, that will require considerable attention and repair. Additionally, the property features five electrical meters servicing eleven units, with some units lacking proper legal status.
While these challenges are considerable, they also offer potential for substantial value creation through redevelopment or rehabilitation. For those interested, please ensure thorough due diligence and consult with legal and construction professionals to fully understand the scope of work required.

Address

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Address 77th St
City Miami
State/county Miami-Dade County
Zip/Postal Code 33147

Details

Updated on April 2, 2025 at 11:36 pm

Price: $1,799,900
Year Built: 1935
Property Type: Income/MultiFamily
Property Status: Commercial Sale

Additional details

StreetDirPrefix: NW
PublicSurveyRange: 31
ShowingInstructions: Call Listing Agent
CoListAgentDirectPhone: 305-609-3733
ListAgentKey: f7955f99e7ce21ddd451807956765960
InsuranceExpense: 8000
TaxLegalDescription: CORAL COURT PB 21-15 LOTS 8 & 9 INC BLK 1 LOT SIZE 13100 SQ FT OR 10315-445 0179 4
OnMarketDate: 2022-01-27
ListAgentEmail: [email protected]
ContractStatusChangeDate: 2022-01-27
MajorChangeTimestamp: 2024-08-09T16:07:01.103Z
Flooring: Carpet,Tile
PhotosCount: 28
Cooling: Central Individual A/C
StatusChangeTimestamp: 2022-08-01T17:07:26.323Z
SecurityFeatures: Smoke Alarm,Security Fence,Security Gate
FinancialDataSource: Owner Provided
BuildingName: 1337
ManagerExpense: 10800
CoListOfficeName: RE/MAX Advance Realty
PriceChangeTimestamp: 2024-08-09T16:07:01.103Z
ListingKeyNumeric: 365764205
MajorChangeType: Price Decrease
ListingContractDate: 2022-01-27
CoListOfficeKey: 9b5c37ad941a4b75dc165391c143b4e4
Zoning: 5000
MaintenanceExpense: 10224
ListAOR: A-Miami Association of REALTORS
TaxAnnualAmount: 2815
ListOfficeName: RE/MAX Advance Realty
CurrentUse: Income Non-Waterfront
OriginatingSystemKey: miamire
BusinessType: Hotel/Motel,Residential-Multi-Family
PhotosChangeTimestamp: 2022-08-01T17:11:43.011Z
RoadFrontageType: City Street
OriginatingSystemName: Miami Association of REALTORS®
ListOfficePhone: 305-444-7111
MlsStatus: Active
StreetNumber: 1337
GrossScheduledIncome: 255600
CoListOfficeMlsId: ADVA02
LeaseTerm: 1 To 3 Year Lease,Month To Month
ListingKey: a625c82a1fcb0844248ccfcd4308f872
StateOrProvince: FL
ShowingContactType: Agent
CoListAgentEmail: [email protected]
ListOfficeKey: 9b5c37ad941a4b75dc165391c143b4e4
BridgeModificationTimestamp: 2025-04-02T20:47:21.430Z
ListAgentFullName: Mario Cabrera Benjamin Jr
Roof: Tar & Gravel Roof
PropertyCondition: New Construction
ListAgentOfficePhone: 305-444-7111
Stories: 2
GrossIncome: 255600
ParcelNumber: 30-31-11-027-0070
ListingTerms: All Cash,Conventional/Refinance,Secondary Financing
OperatingExpense: 32381
YearBuiltDetails: New Construction
OtherExpense: 0
Possession: Funding
CoListAgentOfficePhone: 305-444-7111
LeaseConsideredYN: 1
IDXParticipationYN: 1
InternetAddressDisplayYN: 1
ListAgentMlsId: 3367844
WaterSource: Public
StoriesTotal: 2
ModificationTimestamp: 2025-04-02T20:43:05.263Z
OriginatingSystemID: miamire
PreviousListPrice: 2099999
DaysOnMarket: 1035
NetOperatingIncome: 223219
ListOfficeMlsId: ADVA02
Inclusions: Building & Land, Leases
ListAgentDirectPhone: 786-452-4644
CoListAgentFullName: Mario Cabrera
CoListAgentKey: 1e0e89cb48b7406bd8ad8c6f4aac1ffc
StreetNumberNumeric: 1337
CoListAgentStateLicense: 0662919
ParkingFeatures: Assigned
PostalCodePlus4: 5708
NumberOfUnitsInCommunity: 13
Sewer: Septic Tank
SyndicationRemarks: This unique property presents a significant opportunity for the right investor or developer. Please note that the property is currently encumbered by substantial liens and several unresolved legal violations. There are structural concerns, including roof damage and leaks, that will require considerable attention and repair. Additionally, the property features five electrical meters servicing eleven units, with some units lacking proper legal status. While these challenges are considerable, they also offer potential for substantial value creation through redevelopment or rehabilitation. For those interested, please ensure thorough due diligence and consult with legal and construction professionals to fully understand the scope of work required.
Heating: None
StructureType: Commercial Condo
TrashExpense: 0
ListAgentStateLicense: 3367844
CoListAgentMlsId: 0662919
PublicSurveyTownship: 31
StreetName: 77th St
ListOfficeFax: 305-663-1213
ListingAgreement: Exclusive Right To Sell
PublicSurveySection: 11
SpecialListingConditions: Sale
NumberOfBuildings: 2
OriginalListPrice: 2300000
BuildingAreaUnits: Square Feet
InternetEntireListingDisplayYN: 1
InternetAutomatedValuationDisplayYN: 1
TaxYear: 2021
OriginalEntryTimestamp: 2022-01-27T21:19:28.870Z
SourceSystemKey: 365764205
Ownership: Limited Partnership
LotFeatures: In Residential Area
DocumentsAvailable: Books & Records
ConstructionMaterials: CBS Construction
LotSizeSquareFeet: 13100
TenantPays: Electricity
Electric: Separate Meters
NewTaxesExpense: 3337
InternetConsumerCommentYN: 1
CoListOfficePhone: 305-444-7111
BuildingAreaTotal: 6732