946 sw 4th st - loopnet · img_0190 img_0714 property photos 946 sw 4th st 946 sw 4th st, miami, fl...
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946 SW 4th St Presented By:946 Property Holdings Llc
946 SW 4th St, Miami, FL 33130
Investment Opportunity in a rapidly gentrifying neighborhood only 1 mile from Brickell and DowntownMiami. Property values in East Little Havana have increased substantially in recent years and are likelyto accelerate.
THE 40 YEAR RECERTIFICATION WAS GRANTED ON JANUARY 14, 2020 after over $1,000,000 worthof renovations were performed on the building to the structural, foundational, electrical, and cosmeticaspects, including but not limited to: a brand-new subfloor, building envelope, staircase, electricalwiring, smoke detectors, fire system, roof, unit upgrades, and upgrades to the hallways and the staircases. 40 Year Engineer report available with written offer.
PROPERTY TAX LISTED is the NEW TAX that a buyer would pay, NOT the current owner's tax.
This sale price is based on a pro-forma rent roll which, as of 01/15/2020, is only $60,000 greater thanthe current rent roll. By 9/01/2020 the last below market lease extension will expire. With no rent controlin Miami, prices can be raised at the owner's discretion.
Newly renovated. Laundry income of approximately $5,000 per year. Extremely low vacancy rate.
Price: $5,000,000
View the full listing here: https://www.loopnet.com/Listing/946-SW-4th-St-Miami-FL/18189565/
Price: $5,000,000
No. Units: 24
Property Type: Multifamily
Property Sub-type: Apartments
Apartment Style: Low Rise
Building Class: C
Sale Type: Investment
Cap Rate: 5.27%
Lot Size: 7,500 SF
Building Size: 17,160 SF
Gross Rent Multiplier: 12.2
No. Beds: 24
No. Stories: 3
Year Built: 1926
Zoning Description: R-3, Miami
Property Details
946 SW 4th St946 SW 4th St, Miami, FL 33130
Unit/Room Mix Information
Description No. Units Avg. Rent/Mo Sq. Ft0+1 1 $1,000 N/A
1+1 2 $1,200 N/A
2+1 21 $1,400 N/A
Major Tenant Information
Tenant SF Occupied Lease Expired
946 SW 4th St946 SW 4th St, Miami, FL 33130
Location
946 SW 4th St946 SW 4th St, Miami, FL 33130
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Property Photos
946 SW 4th St946 SW 4th St, Miami, FL 33130
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946 SW 4th St946 SW 4th St, Miami, FL 33130
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Property Photos
946 SW 4th St946 SW 4th St, Miami, FL 33130
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Property Photos
946 SW 4th St946 SW 4th St, Miami, FL 33130
Plat Map
Property Photos
946 SW 4th St946 SW 4th St, Miami, FL 33130
Christopher [email protected](917) 455-2353
946 Property Holdings Llc
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946 SW 4th St946 SW 4th St, Miami, FL 33130