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111 NW 76th St, Miami FL 33150

Commercial Recently Sold
$1,830,000

BTC: 29.04715798

ETH: 590.86198045

Sold on: 2021-11-30
252 days
0 room(s)
2,590 sqft
Est. Estimated sales range: $0 - $0
$0

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.

Location

Florida • Miami • 33150 • Commercial • Recently Sold

Facts and features

Type:
Commercial Land
Parking:
No Data
Year Built:
No Data
Lot:
0.39 Acres
Heating:
No Data
Price/sqft:
$444
Cooling:
No Data
HOA:
No Data
All facts and features

  • Lot

    • Lot: 0.39 Acres

    Other Property Information

    • Parcel Number: 01-31-12-105-0040

    • Zoning: 4600

  • Type and style

    • Property Type: Commercial Land

    • Property Sub Type: Income/MultiFamily

  • Utility

    • Water Connected

    • Trash Removal

    • Water Available

  • Other financial information

    • Annual tax amount: $4,631

  • Source details

    • MLS ID: A10841328

    Other facts

    • Lot Features: Central Business District / Other Location / 1-2.5 Acres

    • Living Area: 2590

    • Water Source: Other

    • Lot Size Dimensions: 25x76

    • Subdivision Name: PELAEZ-ZOGBY SUB

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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 ©2024-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