USD 799,000

12322 NE 6th Ave
North Miami, Florida 33161

For Sale

Property Description

Super Opportunity: 2 Retail Stores and 4 Apartments 1Bed/1Bath.
PRICE TO SELL $799,000 All Offers will be consider.
All Rents are below market value:
Income:
Store Immigration $900.00 / month to month
Store Beauty Salon $950.00 /month to month
Apartment 1Bed/1Bath = $775.00/mm
Apartment 1Bed/1Bath = $725.00/mm
Apartment 1Bed/1Bath = $725.00/mm
Apartment 1Bed/1Bath = $700.00/mm
Total Monthly Income = $4,775.00/month
Total Yearly Income = $57,300.00/year
Expenses:
Insurance $1,800.00
Waste & Water = $4,800.00
Property Taxes = $7,960.75
Total Expenses = $14,560.75
Net Operating Income = $42,739.25
Price to Sell = $799,000.00
CAP RETURN = 5.35%.
ALL RENTS ARE VERY LOW AND BELOW MARKET VALUE
POTENTIAL CAP RETURN 9.50%
40 Years Recertification done

Listed by The Keyes Company

Property Details

ID #
A10935629
Status
Sale
Type
Commercial, Industrial
Zip Code
33161
Year Built
1951
Occupancy
Tenant Occupied
Type of Building
Apartments, Commercial/Residential Income
Utilities
Internet
Zoning Information
6000

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