28 APARTMENT UNITS-21862

Multifamily / Garden Apartments / 1710 NW 1 COURT , Miami Florida 33136

 
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Gulya Zhakupova

Capital Commercial Real Estate Group

Office Phone: 305-318-8250

Cell Phone: 305-318-8250

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Published on: Tuesday, June 17, 2014 11:08:46 AM
Updated on: Tuesday, June 17, 2014 6:21:10 PM
Purchase with B2B
Purchase with B2B
 Purchase with Business to Business
Quick Glance

Listing ID: CL-Florida-30835

Status: Accepting Offers

Financing: No Financing Available

Occupancy: 100%

Year Build: 0

 

Building Size: 10,287 SqFt

Lot Size: 0 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, 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)

Acquisition Option Selected: Traditional Purchase

Cap Rate (%): 11.9

Commission Split (%): 3

Complete Details


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.

Additional Properties


Property Highlights
  • SUBSTANTIAL UPSIDE
  • UNITS WILL BE UPGRADED UPON TURNOVER
Features
  • EXCELLENT LOCATION

Actual - Cash Flow


Cash Flow Year Gross Income Effective GrossIncome Operating Expenses Net Operating Income Pre Tax Cash Flow Cap Rate
2013
$92,112.00
$0.00
$31,994.00
$60,118.00
$0.00
0%
Cash Flow for Current Listings
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