Basic Information

  • MLS # A10962297
  • Type Multi Family
  • Status Closed
  • Year Built 1984
  • Total Size 37,590 Sq.Ft / 0.86 Acre
  • Date Listed 11/24/2020
  • Days on Market 129
Description

Real Capital Partners is pleased to present 3079 NW 11th St. Miami, Fl. 33125. Great opportunity to purchase a multifamily investment property in a high demand rental area. The property consists of 6 two-story duplex structures with a total of 12 units. Most units are 3BR/2.5 BA and some have converted the living room to a fourth bedroom. The roofs are in good condition and the property has approximately 40 parking spaces. Tenants are all month to month but have resided long-term with some tenants as long as 20 years. The owner is offering financing 5.5% interest only with a minimum down payment of $l.4mm. The property is generating a 5.52% cap rate on current income. Upon increasing rents to $2,000 per unit, the cap rate will increase to 7.57%.

Amenities

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Construction Type Block
  • Parking Description Assigned, Common
  • Style Multi Family

Interior Features

  • Adjusted Sqft 0.86 AcreSq.Ft
  • Cooling Description Central Air
  • Floor Description Ceramic Tile
  • Heating Description Central, Electric
  • Sqft 0.86 Acre Sq.Ft

Property Features

  • Address 3079 NW 11th St
  • Aprox. Lot Size 37,590
  • Construction Materials Block
  • Furnished Info no
  • Listing Terms Cash, Owner May Carry
  • Subdivision Complex
  • Subdivision Info
  • Tax Amount $29,074
  • Tax Legal desc WALDIN ACRES PB 5-68 LOT 29 LESS BEG NE COR S39.2FT TH S 83 DEG 22 MIN 21 SEC W105.33FT N69.63FT SELY107.21FT TO POB FOR E-W EXPWY BLK 3 LOT
  • Tax Year 2020
  • Terms Considered Cash, Owner May Carry
  • Type of Property Multi Family

3079 NW 11th St

Miami, FL 33125

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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial 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. Listing courtesy of: Real Capital Partners LLC. tel: 305-785-7325

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