GREAT RESIDENTIAL INCOME BUILDING FULLY LEASED IN A HOT MIAMI AREA. ALL TENANTS WITH IMPECCABLE PAYMENT HISTORY HAVE LIVED IN THE BUILDING FOR OVER 10 YEARS. ATTRACTIVE NOI CAN BE EASILY INCREASED RAISING RENTS TO MARKET VALUE. EXCELLENT CONDITION. WELL MAINTAINED UNITS AND NEW ROOF. BUILDING JUST GOT THE 40 YEARS CERTIFICATION. ACCORDION SHUTTERS ALL OVER. WALK TO CALLE OCHO AND MARLINS STADIUM. EASY, FAST ACCESS TO 836 AND I-95. EACH UNIT HAS SEPARATE FPL METER AND TENANTS (EXCEPT UNIT 1-B) PAY THEIR OWN BILL. WATER & SEWER INCLUDED IN RENT. EXPENSES ON W&S + COMMON AREAS AND 1-B ELECTRICITY + LAWN ADD APPROXIMATE AVERAGE OF $216/MONTH, LANDLORD PAID. COMMON PAY-PER-USE LAUNDRY LEAVES APPROXIMATELY $250-300 /MO ADDITIONAL INCOME TO LANDLORD TO POSITIVELY BALANCE ABOVE INDICATED EXPENSES
- Address 420 SW 14th Ave
- City Miami
- County Miami-Dade County
- Zip 33135
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Price
$693,000
- Status Closed
- Subdivision Lawrence Estate Land Cos
- Pets Allowed No
- MLS® # A10662824
- Property Type Residential Income
- Property Sub TypeTriplex
- Status Closed
- Square Feet 2,963
- Year Built 1977
- Waterfront No
- Maintenance Fees No Info Provided
- Taxes $7,919
- Tax Year 2018
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