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6743 NW 2nd Ct

9 Unit Block of Flats £1,370,775 (£152,308/Unit) 7.08% Net Initial Yield Miami, FL 33150

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Investment Highlights

Prime Little Haiti
10 minutes to Design District & Wynwood.

Next to Magic City Development.
3-square mile population equals 199,708: median household income equals $42,435.

Executive Summary

Great cash flowing property in high rental demand area. Multi-family building comprised of 9 updated units ideally located in the booming city of Miami. This property is completely gated with 12 on site parking spaces. Has a desirable unit mix of 1-2Bd/2Ba, 2-2Bd/1Ba and 2-1Bd/1Ba and 4 studio units. This investment is ideal for investors seeking strong returns in a vibrant cultural hub. Comes with passed 40 year recertification!
This 9-unit property is in a prime location conveniently located 5 minutes from MiMo District,
Design District and Wynwood. 10 minutes to Downtown Miami and Miami Beach. And 4 minutes
from the Magic City Innovation District.

6743_NW_2nd_CT_FOR_SALE_LF_IO_F11

Financial Summary (Actual - 2023) Click Here to Access	Annual	Annual Per SF
Gross Rental Income	$99,999	$9.99
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$99,999	$9.99
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$99,999	$9.99
Net Operating Income	$99,999	$9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual	$99,999
Annual Per SF	$9.99

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$99,999
Annual Per SF	$9.99

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$99,999
Annual Per SF	$9.99

Net Operating Income
Annual	$99,999
Annual Per SF	$9.99

Property Facts

Price	£1,370,775	Building Class	C
Price Per Unit	£152,308	Lot Size	0.14 AC
Sale Type	Investment	Building Size	4,186 SF
Net Initial Yield	7.08%	Average Occupancy	100%
No. Units	9	Number of Floors	2
Property Type	Residential	Year Built/Renovated	1941/2008
Property Subtype	Apartment	Parking Ratio	2.39/1,000 SF
Apartment Style	Low Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£1,370,775
Price Per Unit	£152,308
Sale Type	Investment
Net Initial Yield	7.08%
No. Units	9
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.14 AC
Building Size	4,186 SF
Average Occupancy	100%
Number of Floors	2
Year Built/Renovated	1941/2008
Parking Ratio	2.39/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.