🔑 Five-Plex Located In An Opportunity Zone. Great Chance To Generate Some Income. 🧨

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 🔑
39 minutes from Miami Beach 🏖️

30 minutes from Westland Mall 🛒

19 minutes from Miami International Airport ✈️

Property Details 🏠
Rehab Level: Medium

Construction: Block

Electrical Panel: Good Condition

Air Conditioner: 4-5 years

Water Heater: Good Condition

Roof: 9+ years

Occupancy: Rented

Opportunity💰
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!