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DESCRIPTION
GREAT OPPORTUNITY!! THIS PROPERTY HAS BEEN TOTALLY RENOVATED!! 12 TWO STORY BUILDINGS !!OGCCUPANCY RATE IS AT 100%!! 36 THREE BEDROOMS AND 96 TWO BEDROOMS. MAX RENTS COULD GO UP TO $1,317 AND 1,521 IF USINGTHE S42 LIHTC. GROSS BUILDING AREA IS 109,092 SQUARE FEET, OF THAT 107,436 IS RENTABLE AREA. ALL UNITS INCOME RESTRICTED BASED ON THE RESTRICTIVE COVENANTS TIED TO THE HFA BONDS THAT WERE ORIGINALLY APART OF THE FINANCING. RENT CANNOT EXCEED 30% OF TENANTS ANNUAL INCOME. EXCLUDING UTILITIES. ALL UNITS ARE SET ASIDE FOR FAMILY AFFORDABLE HOUSING. THE FIRST MORTGAGE BEING HUD-INSURED, IS ASSUMABLE AND THE INTEREST RATE IS 2.52%, WRITTEN APPROVAL IS REQUIRED FROM HUD. PROVIDE WITHIN 90 DAYS.,
, Plat of Rev Pl of Portion of Robert Thomas Sub PB 49-50 Tract C lot Size 49005
FEATURES- Building Area Total 107436
- Building Area Units Square Feet
- City Miami
- Contract Status Change Date 2022-10-07 00:00:00
- Cooling Yes
- County Or Parish Miami-Dade County
- Days On Market 122
- Expiration Date 2023-09-30 00:00:00
- Heating Yes
- Inclusions Building & Land
- Insurance Expense 137027
- Latitude 26
- Lease Considered Yes
- List A O R A-Miami Association of REALTORS
- List Price 26500000
- Living Area Units Square Feet
- Longitude -80
- Lot Size Square Feet 196015
- Lot Size Units Square Feet
- Maintenance Expense 7000
- Manager Expense 64104
- Mls Status Active
- Net Operating Income 467194
- New Taxes Expense 106
- On Market Date 2022-10-07 00:00:00
- Operating Expense 748996
- Original List Price 26500000
- Originating System Name miamire
- Other Expense 27871
- Parcel Number 30-31-11-004-0030
- Parking Features Common
- Possession Negotiable
- Postal Code 33147
- Property Type Commercial Sale
- Road Frontage Type County Road
- Security Features Smoke Detector(s)
- Standard Status Active
- State Or Province FL
- Stories 2
- Stories Total 2
- Tax Legal Description Plat of Rev Pl of Portion of Robert Thomas Sub PB 49-50 Tract C lot Size 49005
- Trash Expense 134381
- Unparsed Address
1431 NW 71 Street
Miami FL 33147 - Virtual Tour URL Unbranded https://www.propertypanorama.com/instaview/mia/A11333369
Brittany Eastwood
LISTING AGENT
Listing Provided by:
Patricia Dillard
The N.D.I. Group, Inc.
The multiple listing information is provided by Miami Association of REALTORS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©️2019 Miami Association of REALTORS. All Rights Reserved.
The information provided is for consumers’ personal, non- commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
