Multi Unit for sale | 937 SW 5th St Miami, FL 33130 Sold

$2,070,000 20 bd, 18 ba, 8,858 sqft

2,070,000

FOR SALE

20

18

18 OFF MARKET UNITS 937 SW 5th St Miami, FL 33130

Description:

These are 18 units with 16 units 2 bedrooms and 3 studios . This property is 100% rented to section 8 . The rents are 30% below market rents. There is a allot upside in value for this property on the rent increase. 40 year recertification is current. Roof is less then 5 years old. Property is part of HAP (Section 8) government program, all 18 units are rented trough that program. (This program can be cancelled at any time) Some units has been partially remodeled. Capital Improvements $108,000 Capital improvements needed to hit Pro Forma rents. Call or text for more details.

Property Details

Price:
$2,070,000
Address:
937 SW 5th St Miami, FL 33130
City:
MIAMI
State:
Florida
Zip Code:
33130
Year Built:
1924
Terms:
For Sale
Property Type:
Commercial
Square Feet:
8,858
Bedrooms:
20
Bathrooms:
18
Const. Type:
CBS

Call (786) 565-8726 for more details

Property Location

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