24 UNIT MULTI-FAMILY APARTMENT COMPLEX IN MIAMI FL!
Multi Family Apartment
LOCATION: 6020 NW 13th Ave, Miami, FL 33142 (Regal Apartments)
Asking Price: $4.4 M + 3%
PROPERTY FACTS 24 Units
Building Size: 11,769 SF
Lot Size: 0.31 AC Multi-Family
Occupancy: 100% Year Built: 1958
Apt. Style: Low Rise Class: C
Parking Ratio: 1.27/1,000 SF DESCRIPTION & INVESTMENT HIGHLIGHTS This 24 units apartment building is fully rented boasting Six two bedrooms, Fifteen one bedrooms and three efficiencies. It has its own Laundry room, children playground, Roman Statues and Pillars, outside tables and so much more. This building has been completely remodeled with New Roof, Impact Doors, all up-dated Electric - Plumbing, New Kitchens, bathrooms etc. Its fully rented with yearly leases and 85% of the tenants are leased through Section 8. Fully occupied prime investment opportunity with the potential for some owner financing Immediate access to public transportation and the 1-95 Expressway Centrally located within 5 miles of Charles Drew Middle School, Poinciana Elementary School, and Miami Northwestern Senior High School Minutes away from nearby retail options including Williams Food Market, Rush Hour Deli & Grocery, and Walgreens Fully occupied asset, generating approximately $300,000 per year.
85% of Tenants are Section 8 (Federal government program guaranteeing rental income).
Over, $450,000 was spent last year upgrading the entire complex.......$18,750 per door!
OWNER WILL CONSIDER SOME FINANCING UNIT MIX INFORMATION DESCRIPTION NO. UNITS 0+1 3 1+1 15 2+1 6 AIRPORT:
Miami International Airport 22 min drive 9.0 mi
Fort Lauderdale/Hollywood International Airport 30 min drive 19.8 mi
ZONING Zoning Code R-3 THIS IS AN 'OFF MARKET' ASSET AND MUST REMAIN OFF THE MARKET, PLEASE DO NOT LET THIS GO VIRAL THIS IS A PRE-DUE DILIGENCE AND NOT A FORMAL DUE DILIGENCE PACKAGE. ONCE THE BUYER AND THE SELLER EXECUTE THE PURCHASE AND SALE AGREEMENT AND THE BUYER OPENS THE CONTRACTED ESCROW TRUST ACCOUNT WITH THEIR EARNEST MONEY DEPOSIT, THE SELLER WILL PROVIDE THE BUYER WITH THE P&Ls, VENDOR CONTRACTS, AND ANY AND ALL FORMAL DUE DILIGENCE INFORMATION AND DOCUMENTATION AVAILABLE TO BE ABLE TO CLOSE ESCROW. Buyers are advised to do their own independent due diligence and research before commuting with the purchase FOR FINANCING OPTIONS PLEASE by request NOTE: - Price is firm and not negotiable. PLEASE, NO TRANSACTIONAL FUNDING. REQUIRED - FOR FINANCIALS OR TO MAKE AN OFFER: 1. SIGNED NDA 2. LETTER OF INTENT 3. POF (BANK OR FUND STATEMENT)....NO EXCEPTIONS!