403 SW 12th Ave - Apartments FOR SALE


Miami, FL 33130- Little Havana
$1,749,000 USD
403 SW 12th Ave, Miami, FL for Sale
$1,749,000 USD
Apartments - FOR SALE
1/47
null | 5.76% Cap Rate

403 SW 12th Ave
Miami, FL 33130
Little Havana


HIGHLIGHTS

  • Location
  • Commercial Zoning T5O
  • Excellent opportunity for legal AIRBNB short term operator
  • Complete renovation w/ architectural plans,
  • New Certificate of Occupancy and 40/50 year certification.
  • Gated property with security system

OVERVIEW

Investment Opportunity – Live-Work Multifamily Building with T5-O zoning, architectural plans & new Certificate ofOccupancy. 4 units with a total of 8 Beds + 4 Dens- 4 Baths, 4 electric meters, one main water meter, new electric w/ 600 Amps, new electric panels, new plumbing, new central AC's, impact windows & doors, new drywall throughout and insulation, new custom kitchens with quartz counters, new bathrooms, new paint throughout. The property also has 4 gated parking spaces, a privacy fence & professionally landscaped yard. Unique opportunity to acquire a fully renovated multifamily, with low expenses, in the heart of Little Havana near Downton Miami & the Brickell Financial District walking distance to Calle Ocho, restaurants & world class shopping with easy access to transportation. Ideal for Airbnb operator walking distance to Calle Ocho entertaining district.

FOR SALE DETAILS

PRICE

$1,749,000 USD

PRICE/SF

$496 USD /SF

# OF UNITS

10

PRICE/UNIT

$174,900

CAP RATE

5.76%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

T5-O

APN/PARCEL ID

01-4102-005-4100

ASK ABOUT THIS PROPERTY

Claudia Del ToroCervera Real EstateMore Info

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