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5
Home61's Closings in
Overtown
Amenities
Key features
Living area
3,528 sqft
Maintenance
$ 0
Tax
$5,578 (2022)
Tenant Occupied
No
Parking Space
3
Floor #
0 / 2
Building
ERICKSONS SUB
On market
221 days
$ /sqft
$ 446
Type
apartment
Unit
-
Year Built
1954
Zip Code
33136
Ref./MLS ID
A11469018
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.
Data is provided by Miami Board of Realtors.
Public transportation
NW 3 Av & NW 15 St
2
21
211
246
M
1 mins
NW 3 Av & NW 17 St
2
21
211
246
M
1 mins
NW 17 St & NW 3 Av
21
246
M
2 mins
NW 14 St & NW 2 Av
2
246
M
2 mins
Nearby School In Overtown
Data Provided by greatschools.org
Neighborhood
Overtown
- Overtown
Listed on October 13, 2023 by Humberto Rego from New World Realty Group Inc, this apartment is for sale. apartment for sale in Overtown listed at $1,575,000, Reference A11469018
The multiple listing information is provided by Miami Board of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2024 Miami Board of Realtors®. All Rights Reserved.
The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
The multiple listing information is provided by Miami Board of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2024 Miami Board of Realtors®. All Rights Reserved.
The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.