Multifamily Building – 8 Units in Miami, FL – T4-R High Density Zoning
Commercial Sale
Category: Multifamily
Price:$2,300,000
Location: Miami, FL
Year Built: 1925
Days on Market: 16
Description:
Wynwood North Multifamily Develpoment and income producing building. 8 unit building 100% lease with excellent Return on investment. Building was upgrade in 2008 with impact windows, new Ac and water heater. Steady annual income of $181,200 with an option for annual increase in rental bringing the CAP rate to a healthy 6.5%. The zoning is T4-R High Density Multifamily residential. The density of the Lot is 150 Units per Acres with up to 3 Levels and 24 units of new construction, with no parking restrictions. Lot size is 50 w x 143 L . Please call listing agent for more information's on flyer of income and expenses and rent rolls. Investor & developer welcome.
Wynwood North Multifamily & income producing Building. 8 unit 100% leased $181K annual income.T4-R Zoning Lot is 150 U. per Acres/3 Levels & 24 Units
Listing Code: 1090755008