Exceptional Multi-Level Building with 6 Units!

(305) 434-5060

Listed! Just Just

6 units ROI = 5.6% $1,280,000

Keller Wil l iams

Ana Hernandez

444 SW 10 STREET, MIAMI, FL 33130

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West Brickell Apartments

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DELIVERY RATE

98.5%98.5%OPEN RATE

30.9%30.9%CLICK RATE

1.8%1.8%

Audience

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Fri, February 22, 2019Views (LAST 90 DAYS):

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Multi-Family For Sale

Just Listed: West Brickell 6-Unit Building - $1.28M / ROI 5.7%

West Brickell Apartments

444 SW 10th St, Miami, FL 33130

Price: $1,280,000

View Full Listing

Full 3% Commission for you! Bring me a buyer and let's make a deal! I will have itopen on Tuesday, February 26th from 12:30-2PM! Call me to make an appointmentat (305) 434-5060. Thank you!

Highlights

100% Occupied with Under Market Rent

Incredible Location walking distance from Brickell, Calle 8 and The Roads!

Well Maintained Building with 6 units!

Current Rate of Return is 5.7%

Listing Details

Price $1,280,000Cap Rate 5.70%Sale Type InvestmentProperty Type Multi-FamilySub-type ApartmentsBuilding Class CUnits 6RBA 3,722 SFLot Size 7501 SFYear Built 1969Parking Ratio 10 Spaces/2.69 Ratio

Description

Stop by on Tuesday, February 26 from 12:30-2PM! Call listing agent AnaHernandez at (305) 434-5060 to make appointment! West Brickell Apartments!Incredible income producing opportunity! Beautiful 2 story building with 6 unitssnuggled in between 3 of Miami's HOTTEST areas: Brickell, Calle 8 and TheRoads. Zoning is T4 R. Property has 6 apartments (4 x 2/1 and 2 X 1/1) all of themremodeled with newer AC's. Current rate of return is 5.7%. It is 100% occupiedand all tenants are month to month paying way below market value. No majorexpense to anticipate as the building has been always well maintained; 40 yearand 10 year reinspection completed! 5 New construction townhomes being builtand sold for $799K each two doors down (434 SW 10th St, Miami, FL 33130) =same zoning and lot size!! Incredible location! The entire building was painted 1

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WEST BRICKELL APARTMENTS - $1.28M / ROI 4.8%444 SW 10 STREET, MIAMI, FL 33130

Rental Income Analysis - 444 SW 10th STCURRENT 2 Bedrooms 1 Bath 650 SF 1,300$

2 Bedrooms 1 Bath 650 SF 1,300$ 2 Bedroom 1 Bath 650 SF 1,300$

Income Monthly Annual 2 Bedroom 1 Bath 650 SF 1,300$ Rent 7,500$ 90,000$ 1 Bedroom 1 Bath 550 SF 1,100$

1 Bedroom 1 Bath 550 SF 1,200$ 3700 SF 7,500$

ExpensesTaxes 2,095$ 25,134$ *Tax Amount Based on Miami-Dade Estimator

Insurance 375$ 4,500$ Electric 35$ 420$ Water 140$ 2,400$ Vacancy 225$ 2,700$ Est at 3%Repairs 208$ 2,500$ Total Expenses 3,078$ 37,654$

Net Income 4,422$ 52,346$

Sale Price Rate of Return1,280,000$ 4.1%

6 Total Units

Current Rent (Under Market)

Rental Income Analysis - 444 SW 10th STCURRENT 2 Bedrooms 1 Bath 650 SF 1,450$

2 Bedrooms 1 Bath 650 SF 1,450$ 2 Bedroom 1 Bath 650 SF 1,450$

Income Monthly Annual 2 Bedroom 1 Bath 650 SF 1,450$ Rent 8,400$ 100,800$ 1 Bedroom 1 Bath 550 SF 1,300$

1 Bedroom 1 Bath 550 SF 1,300$ 3700 SF 8,400$

ExpensesTaxes* 2,095$ 25,134$ *Tax Amount Based on Miami-Dade Estimator

Insurance 375$ 4,500$ Electric 35$ 420$ Water 140$ 2,400$ Vacancy 420$ 5,040$ Est at 5%Repairs 208$ 2,500$ Total Expenses 3,273$ 39,994$

Net Income 5,127$ 60,806$

Sale Price Rate of Return1,280,000$ 4.8%

6 Total Units

Current Rent (Under Market)Pro Forma