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400 NW South River Dr, Miami FL 33128,Miami,Miami-Dade County,Commercial Sale

400 NW South River Dr, Miami FL 33128

$2,999,999

Overview

Income/MultiFamily
Property Type

1923
Year Built

Description

GREAT CASH FLOW! ACTUAL CAP RATE 7.44%. CURRENT ANNUAL GROSS INCOME OF $266,280.00. Great investment opportunity in one of Miami’s hottest markets. Located in high demand rental area. 11 units. 2 buildings. Fantastic unit mix of 2/1s. This opportunity is a turnkey investment. Current owners have beautifully renovated each unit with new floors, new bathrooms and new kitchens. The Little Havana market is witnessing incredible rent increases due to the strong rental demand in this area. Located near Brickell and Downtown Miami.

Address

Open on Google Maps

Address South River Dr
City Miami
State/county Miami-Dade County
Zip/Postal Code 33128

Details

Updated on June 17, 2024 at 8:18 pm

Property ID: A11571371
Price: $2,999,999
Year Built: 1923
Property Type: Income/MultiFamily
Property Status: Commercial Sale

Additional details

StreetDirPrefix: NW
PublicSurveyRange: 41
ListAgentKey: 0b5cf7441077d3c2abad6fd02eb8974f
TaxLegalDescription: 38 54 41 RIVERVIEW PB 5-43 E115.4FT OF S40FT LOT 11 BLK B LOT SIZE 3720 SQUARE FEET OR 21238-0080 04 2003 5
OnMarketDate: 2024-04-17
ListAgentEmail: ianreiservices@gmail.com
ContractStatusChangeDate: 2024-04-17
MajorChangeTimestamp: 2024-04-17T18:47:08.273Z
PhotosCount: 23
SubAgencyCompensation: 0
StatusChangeTimestamp: 2024-04-17T18:47:08.273Z
PriceChangeTimestamp: 2024-04-17T18:47:08.273Z
ListingKeyNumeric: 394678642
MajorChangeType: New
ListingContractDate: 2024-04-17
Zoning: 6107
ListAOR: A-Miami Association of REALTORS
TaxAnnualAmount: 9271
ListOfficeName: London Foster Realty
OriginatingSystemKey: miamire
BusinessType: Commercial/Residential Income,Residential-Multi-Family
PhotosChangeTimestamp: 2024-04-17T18:58:36.047Z
OriginatingSystemName: Miami Association of REALTORS®
ListOfficePhone: 305-514-0100
MlsStatus: Active
StreetNumber: 400
ListingKey: 0d59fb84d9ff3fb2e5bed34aded666a4
StateOrProvince: FL
ListOfficeKey: 5567b118d405af1cd4d38ddcd9ac30b5
BridgeModificationTimestamp: 2024-06-17T17:22:11.645Z
ListAgentFullName: Ian Lazaro Osorio
ListAgentOfficePhone: 305-514-0100
ParcelNumber: 01-41-38-003-0100
OtherExpense: 0
IDXParticipationYN: 1
InternetAddressDisplayYN: 1
ListAgentMlsId: 3442018
ModificationTimestamp: 2024-06-17T17:21:29.670Z
OriginatingSystemID: miamire
DaysOnMarket: 61
TransactionBrokerCompensation: 2%
BuyerAgencyCompensationType: %
ListOfficeMlsId: LNFS01
ListAgentDirectPhone: 786-399-6569
StreetNumberNumeric: 400
PostalCodePlus4: 1461
NumberOfUnitsInCommunity: 0
SyndicationRemarks: GREAT CASH FLOW! ACTUAL CAP RATE 7.44%. CURRENT ANNUAL GROSS INCOME OF $266,280.00. Great investment opportunity in one of Miami's hottest markets. Located in high demand rental area. 11 units. 2 buildings. Fantastic unit mix of 2/1s. This opportunity is a turnkey investment. Current owners have beautifully renovated each unit with new floors, new bathrooms and new kitchens. The Little Havana market is witnessing incredible rent increases due to the strong rental demand in this area. Located near Brickell and Downtown Miami.
ListAgentStateLicense: 3442018
PublicSurveyTownship: 41
ListOfficeFax: 305-570-2220
ListingAgreement: Exclusive Right To Sell
PublicSurveySection: 38
SpecialListingConditions: Sale
OriginalListPrice: 2999999
BuildingAreaUnits: Square Feet
InternetEntireListingDisplayYN: 1
BuyerAgencyCompensation: 2%
OriginalEntryTimestamp: 2024-04-17T18:47:08.273Z
SourceSystemKey: 394678642
LotSizeSquareFeet: 3720
BuildingAreaTotal: 5320
TransactionBrokerCompensationType: %