1133 NW 79th Ter
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1133 NW 79th Ter
7 Unit Apartment Building $2,007,698 CAD ($286,814 CAD/Unit) Miami, FL 33150
Executive Summary
Introducing a remarkable sale opportunity involving three distinct properties nestled on a 15,000 square feet lot specially zoned for duplex use.
The first property features a five-unit multifamily complex, with each unit boasting one bedroom and one bathroom. Currently vacant, it's worth noting that comparable 1-bedroom rentals in the area command impressive rents ranging from $1,600 to $2,000.
The second property comprises a single-family home with one bedroom, currently occupied by a tenant paying $1,000 per month. However, given the favorable rental market conditions, this property holds tremendous potential to generate a higher rental income ranging from $1,800 to $2,000.
Moving on to the third property, it offers a single-family home boasting three bedrooms and two bathrooms. It is currently leased out for $1,000 per month, but similar properties in the area are fetching rentals of $3,000.
Combined, these properties project an annual gross income of approximately $156,000, as estimated in the Pro-Forma analysis. The offering is priced at around a 7% cap rate, providing an attractive investment opportunity.
Moreover, it's worth highlighting that these properties occupy a 15,000 square feet lot, with a substantial portion of around 8,000 square feet remaining as undeveloped land. This vacant space presents an outstanding opportunity to add additional duplexes, further enhancing the property's potential.
While the multifamily complex and single-family homes may require some renovation and improvements, it's important to note that tenants are responsible for their utility payments, with the exception of water in the multifamily complex. Don't miss out on this exciting chance to acquire these properties with excellent income-generating potential.
The first property features a five-unit multifamily complex, with each unit boasting one bedroom and one bathroom. Currently vacant, it's worth noting that comparable 1-bedroom rentals in the area command impressive rents ranging from $1,600 to $2,000.
The second property comprises a single-family home with one bedroom, currently occupied by a tenant paying $1,000 per month. However, given the favorable rental market conditions, this property holds tremendous potential to generate a higher rental income ranging from $1,800 to $2,000.
Moving on to the third property, it offers a single-family home boasting three bedrooms and two bathrooms. It is currently leased out for $1,000 per month, but similar properties in the area are fetching rentals of $3,000.
Combined, these properties project an annual gross income of approximately $156,000, as estimated in the Pro-Forma analysis. The offering is priced at around a 7% cap rate, providing an attractive investment opportunity.
Moreover, it's worth highlighting that these properties occupy a 15,000 square feet lot, with a substantial portion of around 8,000 square feet remaining as undeveloped land. This vacant space presents an outstanding opportunity to add additional duplexes, further enhancing the property's potential.
While the multifamily complex and single-family homes may require some renovation and improvements, it's important to note that tenants are responsible for their utility payments, with the exception of water in the multifamily complex. Don't miss out on this exciting chance to acquire these properties with excellent income-generating potential.
Financial Summary (Pro forma - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,007,698 CAD | Building Class | C |
| Price Per Unit | $286,814 CAD | Lot Size | 0.34 AC |
| Sale Type | Investment | Building Size | 6,000 SF |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1942 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $2,007,698 CAD |
| Price Per Unit | $286,814 CAD |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 6,000 SF |
| No. Stories | 2 |
| Year Built | 1942 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 3+2 | 1 | - | - |
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PROPERTY TAXES
| Parcel Number | 30-3111-025-0150 | Improvements Assessment | $0 CAD (2024) |
| Land Assessment | $0 CAD (2024) | Total Assessment | $1,005,382 CAD (2024) |
PROPERTY TAXES
Parcel Number
30-3111-025-0150
Land Assessment
$0 CAD (2024)
Improvements Assessment
$0 CAD (2024)
Total Assessment
$1,005,382 CAD (2024)
zoning
| Zoning Code | RU-2 (Duplex) |
| RU-2 (Duplex) |
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1133 NW 79th Ter
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