111 NW 76th St, Miami FL 33150 111 NW 76th St, Miami FL 33150 111 NW 76th St, Miami FL 33150 111 NW 76th St, Miami FL 33150 111 NW 76th St, Miami FL 33150 111 NW 76th St, Miami FL 33150 111 NW 76th St, Miami FL 33150 111 NW 76th St, Miami FL 33150 111 NW 76th St, Miami FL 33150 111 NW 76th St, Miami FL 33150 111 NW 76th St, Miami FL 33150 111 NW 76th St, Miami FL 33150 111 NW 76th St, Miami FL 33150 111 NW 76th St, Miami FL 33150 111 NW 76th St, Miami FL 33150 111 NW 76th St, Miami FL 33150 111 NW 76th St, Miami FL 33150 111 NW 76th St, Miami FL 33150 111 NW 76th St, Miami FL 33150 111 NW 76th St, Miami FL 33150 111 NW 76th St, Miami FL 33150 111 NW 76th St, Miami FL 33150 111 NW 76th St, Miami FL 33150 111 NW 76th St, Miami FL 33150
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$1,150,000
252 days
Active With Contract • 0 BEDS • 0 BATHS • 2,590 SQFT
Price cut: -$100K / -8.00% (2020/07/22)

Overview

Amazing investment opportunity in Little Haiti (2 FOLIOS: 111 NW 76 ST AND 110 NW 77 ST). 8 Existing CASH-FLOWING units, 100% Occupancy! Rents are Below Market! 5%+ Cap Rate in a Prime and Growing area w/ possibility to increase significantly. Favorable Zoning: T5-R! Ideal Buy-and-Hold Investment with HUGE UPSIDE for FUTURE REDEVELOPMENT. Build up to 5 stories high & 30 units, do your own research. Property Has Access on 2 Streets. **Located in OPPORTUNITY ZONE: potentially offering significant capital gains tax savings for the buyer. Little Haiti is currently developing the Magic City Innovation District Area: • Residential • Commercial • Art Galleries • Showrooms • Offices • Entertainment Spaces. Once complete it will raise rents & property values in the surrounding area along the way.

Facts and features

Type:
Commercial Land
Year Built:
No Data
Heating:
No Data
Cooling:
No Data
Parking:
No Data
Lot:
0.39 Acres
Price/sqft:
$444

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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 ©2021-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: Keller Williams Eagle Realty