1190 NW 67th St, Miami, FL 33150 Pending

  • $1,265,000
  • 12 beds
  • 12 baths
  • 4,788 sqft
Pending
1190 NW 67th St, Miami, FL 33150

12 Units

This property has ten 1 bed/ 1 bath and two studios. It is located in front of a school and in a main street for easy visibility.All units are rented with good tenants that would like to stay. This is a turn-key opportunity with management in place if you’d like to keep it. Each tenant pays FPL and water. Value add opportunity because 1/1s on Section 8 for 2019 are renting for $1,147 and Studios for $951. Click the link for the videos to see how good of a shape the units are in. If you take into consideration that most properties in South Florida are selling for OVER $100k/unit then you understand the opportunity here. Lastly, since this property is in an Opportunity Zone it means if you keep it long term and follow the rules for opportunity zones then you might be able to make TAX FREE gains when you resell.
Potential Gross Rent: $13,372/month or $160,464/Year
Annual Expenses: 1) Light and Common Areas: $840 2)Waste: $4,560 3)Cleaning/Landscaping : $3,000 4)RE Taxes: $11,490

Price:
$1,265,000
Address:
1190 NW 67th St
Miami, FL 33150
Square Feet:
4,788
Lot Size:
8,950
Bedrooms:
12
Bathrooms:
12
Terms:
For Sale
Property Type:
Commercial
Year Built:
1957
Const. Type:
CBS

Call (954) 998-3366 for more details

Property Location