$695,000.00

853 NW 29 ST Miami, Fl 33027

Fausto Commercial is pleased to present this 4 unit apartment steps away from Wynwood, Edgewater, MiMo District, Midtown and near Miami Beach. Property has two separate buildings with the front building being one story and having 2 – one bedroom & one bathroom and the rear building being a two story and having 2 – two bedroom & one bathrooms. Property was totally remodeled in 2019 with new roof, plumbing and PVC. It has 5 electrical meters and 4 water meters. 5 Parking spaces with 3 in the front and 2 in the back. Also great potential for short term rental. It’s situated on a 6,800 Square Feet of land. Great opportunity with an excellent cap rate and or for redevelopment. Representing a 5.71% in place cap rate and 6.29% proforma based on market rental income. AirBnB represents a potential 12.57% cap Rate.  Price is $695,000.00

Details

Price : $695,000.00
Property Type : Multi-family
Property Sub-type : Free Standing
Property use : Investment
Status : Sale
Building Size : 2136 Square Feet
Lot Size : 6800
Address : 853 NW 29 ST
State : FL
Zip Code : 33027
City : Miami

Find on Map

Vicente Rodriguez
  • : 305 510 6627
  • : VR@FaustoCommercial.com
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