1829 NW 2 CT, Miami, FL 33136
Fausto Commercial is pleased to present this exceptional 16-unit Multifamily Apartment Building. The property consists of 16 one-bedroom/one-bathroom units totaling 8,178 rentable square feet. Property is a 1940’s vintage with a new roof, new railing, and new fire alarms installed in the last 5-years. Solid opportunity for someone interested in renovating and adding value to this multifamily income property. Seller is intending on delivering approved permits for a full gut renovation for the property. It is situated on 7,500 Sq Feet of land. This exceptional property is being offered for sale at $2,480,000. After renovation and renting the units at market rent, the year one cap is expected to be at 7%.
Property Type : Multi-family
Property Sub-type : Free Standing
Property use : Vacant/Owner-User
Building Size : 8178 Square Feet
Address : 1829 NW 2 CT, Miami, FL 33136
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