6030 SW 40th St Miami, FL 33155 United States

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Mon-Friday, 9am-6pm Closed Saturdays and Sundays

Property Description

THIS IS A 8 UNIT a prime opportunity: 8 one-bedroom, one-bath apartments in Overtown. Units boast a strategic location and robust income potential. Maintained as-is or developed further, they are conveniently situated next to a substantial new construction project. A recent 40 yr inspection passed (report attached) Prospective buyers could potentially assume the existing loan or a purchase money mortgage. With rents currently below market rates (allowing room for increased capitalization), these apartments are strong income generators. Refer to the attached rent roll (excluding one recently leased at $1350) Each unit features separate water and electric meters, as well as wall-mounted AC units, ensuring tenant independence. New roof (2022), meters and electrical serv (2023) add to value.

Features
: Window/wall
: Wall/window Unit(s)
: 3
: Vinyl, Ceramic Floor
: Less Than 1/4 Acre Lot
: Built-up
: Public Sewer
Address Map
FL
Miami-Dade County
Miami
33136
225 NW 16th St
ERICKSONS SUB
0
W81° 48' 2.4''
N25° 47' 25.6''
ERICKSONS SUB
Additional Information
: Other
: Cbs Construction
145
: Gardener, Trash Collection
2
: Quadruplex, Fourplex
$5,578
2022
6107

Residential Income For Sale

225 NW 16th St, Miami, Florida 33136

3,528 Sqft
$1,575,000
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Price : $1,575,000
Square Footage : 3,528 Sqft
Year Built : 1954
Listing Terms : All Cash, Owner Will Carry, Assumable, Owner Financing Less 20k Down, Owner Hold 2nd Mortgage, Owtb Wrap
Status : Active
Building Area : 3,528 Sqft
Property SubType : Quadruplex
Agent info
Patricia Calvet
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