USD 1,895,000
2379 NE 172nd St
North Miami Beach, Florida 33160
For Sale
Property Description
Excellent location !!! for a two-story 6 Units Multifamily with central A/C and parking spaces. Remodeled interiors in 90% of the units. CBS & concrete block construction building with a flat roof. Hurricane windows panels. The unit mix is, 3 units 2/1 and 3 units 1/1. All units are rented and provide a steady cash flow, with a current gross rental income of $117.684.00 per year. High demand for quality rentals in this area has kept rent prices rising. Great neighborhood. This Property has proven strong performance. One Year Leases in place, some long term tenants. Room to increase Rent. Additional Income with laundry room. Gross Rental Income Estimate for the end of 2023 will be $132.360.00. Ideal for AirBnB in this Area.
Listed by Bustamante Investment Group LLC
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Property Details
- ID #
- A11333294
- Status
- Sale
- Type
- Commercial, Industrial, Income/Multi-Family 5+
- Zip Code
- 33160
- Year Built
- 1969
- Parking Spaces
- 6
- Building Feature
- Air Conditioning, Smoke alarms
- Water Source
- City/mains water
- Septic
- City sewer
- Construction
- Concrete Block Construction
- Electric Service
- 110 Volts Power
- Floor
- Ceramic Floor
- Lease Term
- 1 To 3 Year Lease
- Location
- City Location, In Residential Area
- Miscellaneous
- Balconies, Landscaped
- Occupancy
- Tenant Occupied
- Parking
- Assigned Parking
- Road Frontage
- City Road
- Road Type
- Divided, Two Lane
- Security
- Security Lighting
- Storm Protection
- Partial Panel Shutters/Awnings
- Type of Building
- Apartments, Residential-Multi-Family
- Utilities
- Internet
- Zoning Information
- 3800
