850 NW 2nd St
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850 NW 2nd St
10 Unit Block of Flats £1,769,961 (£176,996/Unit) 6.57% Net Initial Yield Miami, FL 33128
Investment Highlights
- Great location
- Growing population
- Exceptional rental market
- Low vacancies
Executive Summary
Great income producing investment opportunity in Little Havana. 10 UNITS. This property is comprised of a fully renovated 8 unit apartment building consisting of one bedroom one bathroom units and a single-family home. Current ownership is operating the single-family home as a duplex with 2Br/1Ba in each unit for a total of 10 rental units. The 1/1s are currently rented at an average of $1800 per month. The single family is producing $4,000 per month. Current annual gross income of $221,100.00. Proforma gross income of $263,400. Property has new floors, new kitchen, new AC mini splits, and new bathrooms. Stainless steel appliances. Separate electric meters.
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Property Facts
| Price | £1,769,961 | Apartment Style | Low Rise |
| Price Per Unit | £176,996 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Net Initial Yield | 6.57% | Building Size | 5,898 SF |
| No. Units | 10 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1918 |
| Property Subtype | Apartment |
| Price | £1,769,961 |
| Price Per Unit | £176,996 |
| Sale Type | Investment |
| Net Initial Yield | 6.57% |
| No. Units | 10 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,898 SF |
| Number of Floors | 2 |
| Year Built | 1918 |
Unit Amenities
- Air Conditioning
- Stainless Steel Appliances
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
| 2+1 | 2 | - | - |
Walk Score ®
Very Walkable (88)
Transit Score ®
Excellent Transit (75)
PROPERTY TAXES
| Parcel Number | 01-4138-003-3310 | Improvements Assessment | £546,986 |
| Land Assessment | £392,386 | Total Assessment | £939,372 |
PROPERTY TAXES
Parcel Number
01-4138-003-3310
Land Assessment
£392,386
Improvements Assessment
£546,986
Total Assessment
£939,372
zoning
| Zoning Code | 3900 (Multifamily) |
| 3900 (Multifamily) |
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850 NW 2nd St
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