400 Northwest S River Drive
$2,999,999
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Description
Great cash flow! Actual cap rate 7.44%. Current annual gross income of $266,280.00. Great investment opportunity in one of Miami's hottest markets. Located in high demand rental area. 11 units. 2 buildings. Fantastic unit mix of 2/1s. This opportunity is a turnkey investment. Current owners have beautifully renovated each unit with new floors, new bathrooms and new kitchens. The Little Havana market is witnessing incredible rent increases due to the strong rental demand in this area. Located near...Great cash flow! Actual cap rate 7.44%. Current annual gross income of $266,280.00. Great investment opportunity in one of Miami's hottest markets. Located in high demand rental area. 11 units. 2 buildings. Fantastic unit mix of 2/1s. This opportunity is a turnkey investment. Current owners have beautifully renovated each unit with new floors, new bathrooms and new kitchens. The Little Havana market is witnessing incredible rent increases due to the strong rental demand in this area. Located near Brickell and Downtown Miami.
- Listed by Ian Lazaro Osorio • London Foster Realty
Property Details for 400 Northwest S River Drive
Area
41
AuctionNo
LISTING UPDATED: 08/29/2024 02:22 PM
Property Details for 400 Northwest S River Drive
Status | Active |
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MLS # | A11571371 |
Days on Market | 198 |
Taxes | $9,271 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Commercial/Industrial / Income/Multi Family |
Year Built | 1923 |
Lot Size | 0.09 AC / 3,720 SF |
County | Miami-Dade County |
Building Information for 400 Northwest S River Drive
Stories-Residences-Year Built1923Building Size-Lot Size0.09 AC / 3,720 SF
Property Information for 400 Northwest S River Drive
Property History for 400 Northwest S River Drive
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 400 Northwest S River Drive
Taxable ValueLand$186,000Additions$265,016Total$451,016
Tax Record2023$9,271 ($773 / month)
Home Facts
Total Finished SqFt5,320 SqFtAbove Grade Finished SqFt5,320 SqFtStories2Lot Size3,720 SqFtStyleMulti-Family Dwelling (2-4)Year Built1923Zoning6107:RESID-MECountyMIAMI-DADEAPN01-4138-003-0100
Schools near 400 Northwest S River Drive
This home is within Miami-Dade County Public Schools.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | PK to 8 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Riverside Elementary Community School PublicPK to 5 | ||
Air Base K-8 Center for International Education PublicPK to 8 | ||
Jose De Diego Middle School Public6 to 8 | ||
Robert Morgan Voc-Tech Institute Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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