45 APARTMENT UNITS 100% OCCUPIED-21928

Multifamily / Garden Apartments / 690 NE 7 AVENUE , Miami Florida 33161

 
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Freda Hadid

Capital Commercial Real Estate Group

Office Phone: 954-455-3366220

Cell Phone: 305-407-4783

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Published on: Monday, June 16, 2014 11:45:20 AM
Updated on: Tuesday, June 17, 2014 6:16:54 PM
Purchase with B2B
Purchase with B2B
 Purchase with Business to Business
Quick Glance

Listing ID: CL-Florida-30810

Status: Accepting Offers

Financing: No Financing Available

Occupancy: 100%

Year Build: 1965

 

Building Size: 33,517 SqFt

Lot Size: 2 Acre

No of Stories: 2

No of Parking: 0

Business Available for Sale: No

Is Net Lease Investment: No

Property On Ground Lease: No

Building Status: Existing

 Details

Offer to Millionaire Club: No

Listing Summary: Capital Commercial Real Estate Group is proud to present 45 apartment units in North Miami submarket, Class C property, two-story built in 1965 and consists of 1 Efficiency, 13 - 1 bedroom/1 bath of which 2 units are utilized for management office, 27 - 2bedrooms/1 bath, 1- 3 bedrooms/2 baths and 2 duplexes situated on a total of 66,511 square foot lot size. Property features 4 individual buildings, its tenants are not in section 8 program, there are no vacancies and all tenants are on yearly leases. All units have individual electrical meters and are upgraded as needed. Located within walking distance to public schools, university, shopping and transportation.

Acquisition Option Selected: Traditional Purchase

Cap Rate (%): 7.57

Commission Split (%): 2

Complete Details


Year Build: 1965

Building Size: 33,517 SqFt.

No of Stories: 2

Total Lot Area: 2.00 Acre

No of Parking: 0

No of Total Units: 45

Property Current Status: Normal Sale

Building Status: Existing

Heating and Cooling: Not Specified

Building Class: Not Specified

Property on Ground Lease?: No

Net Lease Investment?: No

Business Price Included?: No

Roofing: Not Specified

Occupancy: 100%

Full Description


Capital Commercial Real Estate Group is proud to present 45 apartment units in North Miami submarket, Class C property, two-story built in 1965 and consists of 1 Efficiency, 13 - 1 bedroom/1 bath of which 2 units are utilized for management office, 27 - 2bedrooms/1 bath, 1- 3 bedrooms/2 baths and 2 duplexes situated on a total of 66,511 square foot lot size. Property features 4 individual buildings, its tenants are not in section 8 program, there are no vacancies and all tenants are on yearly leases. All units have individual electrical meters and are upgraded as needed. Located within walking distance to public schools, university, shopping and transportation.

Additional Properties


Property Tenants
  • tenants are not in section 8 program
  • all tenants are on yearly leases
Property Highlights
  • CAN BE BOUGHT AS 180 UNITS PORTFOLIO
  • HIGH DEMAND RENTAL AREA
  • 100% OCCUPIED
Property Utilities
  • individual electrical meters

Actual - Cash Flow


Cash Flow Year Gross Income Effective GrossIncome Operating Expenses Net Operating Income Pre Tax Cash Flow Cap Rate
2013
$431,557.00
$0.00
$187,387.00
$244,170.00
$0.00
0%
Cash Flow for Current Listings
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