Overview
- 6 Bedrooms
- 4 Bathrooms
- 1,863 ft
- Year Built: 1954
Description
~ Buy and Hold or Flip ~
Located in “North Collage Track” Subdivision
Great for family or investment in a Booming and Innovative area north of Wynwood. Near the Magic City Innovation District, Mid-Town, Design District and the Miami Modern Architecture (MiMo). This area will do nothing but rapidly appreciate in the near future. 4600/MULTI-FAMILY (up to 5-stories high).
Key Features π
39 minutes from Miami Beach ποΈ
30 minutes from Westland Mall π
19 minutes from Miami International Airport βοΈ
Property Details π
Rehab Level: Medium
Construction: Block
Electrical Panel: Good Condition
Air Conditioner: 4-5 years
Water Heater: Good Condition
Roof: 9+ years
Occupancy: Rented
Opportunityπ°
Front Unit #1 – 2bed/1bath (Vacant) (currently under rehab)
Vacant – Previous tentant used to pay $1,100 a month
Independent electric meter
4 units- 1bed/1bath
Unit #2 (Studio) rented out for $1,400 a month – M2M (Section 8)
Unit #3 (Studio) rented out for $1,000 a month – M2M
Unit #4 (Studio) rented out for $1,200 a month – Lease Expires December 31, 2024 and M2M after that.
Unit #5 (Appartment) rented out for $1,350 a month – M2M (Section 8)
Independent electric meters
Multi-family Details
All all units share 1 water meter
6 meters, one for each unit an 1 for common areas
City sewer
Local rents for 2/1’s up to $2,250
&
Local rent for 1/1’s up to $1,400
Don’t miss this opportunity to get the best deal in the neighborhood!