$4,500,000
For Sale
Browse 20 photos
Type:Purchase
Zone:Commercial

Description

Meticulously maintained 6-unit building. This investment property offers 4 spacious 2-bed/2-bath units and 2 charming 1-bed/1-bath units. Recent upgrades, including a complete overhaul of the electrical system and city-standard plumbing connections. Pool area features new marcite, pipes, pump, vacuum, alert system, drain, and ladder. Each unit has large eat-in kitchens and exterior concrete storage. Ten off-street parking spaces. Currently leased month-to-month, this property offers immediate rental income potential. Set on an 11,250 SF lot,a luxury developer's dream. Zoning permits 15 residential units or 66 lodging units over 39,000 SF. 9-Transferable Development Rights (TDRs) are included, Bay Harbor Islands’ zoning allows short-term leasing, boosting income potential.

  • Property Details
      • Property SubtypeIncome/MultiFamily
      • Sewer InformationPublic Sanitation
      • CountyMiami-Dade County
      • Structure TypeFree Standing
      • MLS #A11702900
      • MLS #A11702900
      • Property TypePurchase
      • Cost4500000
      • Utility SourcePublic
      • Year Built1964
      • Stories2

Location

Nirmala EmaniReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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