Year Build: 0
Building Size: 10,287 SqFt.
No of Stories: 2
Total Lot Area: 0.00 Acre
No of Parking: 0
No of Total Units: 28
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, Inc is proud to present 28 units for sale located at Miami, Florida. This opportunity located in historic Overtown & has a total of 28 units, 24 one -bedroom/ one bath, four two bedroom/one bath with 10,287 square feet of rentable space. It sits on 18,000-square foot lot. Most units are tiled. Units will be upgraded upon turnover. This is a unique opportunity for an investor to capitalize on a value-add asset with substantial upside realized through stabilization. The community of Overtown is experiencing major influx of capital in the $250 million dollar approved Overtown Gateway project. This property is being offered at $1,260,000, which is below replacement cost at $122 per sq. ft. Seller financing is available for qualified buyer.
Overtown is a neighborhood of Miami, Florida - just northwest of Downtown Miami. Now roughly bound by North 20th Street to the north, North Fifth Street to the south, the Miami River and Dolphin Expressway (SR 836) to the west, and the Florida East Coast Railway (FEC) and West First Avenue to the east.