Commercial property in Miami, Florida № 1067846
17
ID1067846
$ 2 299 000
- EUR €
- USD $
- RUB ₽
- GBP £
Property description
Great income producing investment opportunity in Little Havana. 10 UNITS. 100% Occupied. Current annual gross income of $221,100.00. This property is comprised of a fully renovated 8 unit apartment building consisting of one bedroom one bathroom units and a single-family home. Current ownership is operating the single-family home as a duplex with 2Br/1Ba in each unit for a total of 10 rental units. The 1/1s are currently rented at an average of $1800 per month. The single family is producing $4,000 per month. Property has new floors, new kitchen, new AC mini splits, and new bathrooms. Stainless steel appliances. Separate electric meters. Actual current Cap Rate 6.6%MLS #: A11551329
Miami - Statistics
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| Parameters | Miami |
|---|---|
| Rent Per Month | |
| Apartment (1 bedroom) in City Centre | $ 2 843.62 |
| Apartment (1 bedroom) Outside of Centre | $ 2 130.79 |
| Apartment (3 bedrooms) in City Centre | $ 5 351.58 |
| Apartment (3 bedrooms) Outside of Centre | $ 3 919.36 |
| Buy Apartment Price | |
| Price per Square Meter to Buy Apartment in City Centre | $ 6 616.14 |
| Price per Square Meter to Buy Apartment Outside of Centre | $ 4 023.90 |
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| Parameters | Miami |
|---|---|
| Crime Index | 52.77 |
| Cost of Living and Rent Index | 72.34 |
| Purchasing Power Index | 112.07 |
| Property Price to Income Ratio | 6.23 |
| Safety Index | 47.23 |
| Traffic CO₂ Index | 10599.19 |
| Traffic Inefficiency Index | 233.91 |
| Rent Index | 68.55 |
| Health Care Index | 63.43 |
| Groceries Index | 79.54 |
| Pollution Index | 39.11 |
| Traffic Commute Time Index | 42.75 |
| Restaurant Price Index | 87.45 |
| Climate Index | 85.69 |
| Cost of Living Index | 75.44 |
| Quality of Life Index | 161.15 |
| Traffic Index | 211.31 |
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| Parameters | Miami |
|---|---|
| Restaurants | |
| Meal, Inexpensive Restaurant | $ 28.09 |
| Meal for 2 People, Mid-range Restaurant, Three-course | $ 100.00 |
| McMeal at McDonalds (or Equivalent Combo Meal) | $ 12.00 |
| Domestic Beer (0.5 liter draught) | $ 7.50 |
| Imported Beer (0.33 liter bottle) | $ 9.00 |
| Coke/Pepsi (0.33 liter bottle) | $ 3.23 |
| Water (0.33 liter bottle) | $ 2.60 |
| Cappuccino (regular) | $ 5.32 |
| Markets | |
| Milk (regular), (1 liter) | $ 1.16 |
| Loaf of Fresh White Bread (500g) | $ 3.83 |
| Eggs (regular) (12) | $ 4.14 |
| Local Cheese (1kg) | $ 15.15 |
| Water (1.5 liter bottle) | $ 2.13 |
| Bottle of Wine (Mid-Range) | $ 15.00 |
| Domestic Beer (0.5 liter bottle) | $ 2.38 |
| Imported Beer (0.33 liter bottle) | $ 2.63 |
| Cigarettes 20 Pack (Marlboro) | $ 11.40 |
| Apples (1kg) | $ 5.75 |
| Chicken Fillets (1kg) | $ 11.96 |
| Oranges (1kg) | $ 4.06 |
| Potato (1kg) | $ 2.30 |
| Lettuce (1 head) | $ 3.05 |
| Rice (white), (1kg) | $ 4.19 |
| Tomato (1kg) | $ 4.53 |
| Banana (1kg) | $ 1.88 |
| Onion (1kg) | $ 3.34 |
| Beef Round (1kg) (or Equivalent Back Leg Red Meat) | $ 17.92 |
| Transportation | |
| One-way Ticket (Local Transport) | $ 2.25 |
| Monthly Pass (Regular Price) | $ 113.75 |
| Gasoline (1 liter) | $ 0.95 |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | $ 35 000.00 |
| Taxi Start (Normal Tariff) | $ 4.00 |
| Taxi 1km (Normal Tariff) | $ 1.30 |
| Taxi 1hour Waiting (Normal Tariff) | $ 24.00 |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | $ 26 054.25 |
| Utilities (Monthly) | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment | $ 156.11 |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | $ 67.00 |
| $ 62.83 | |
| Salaries And Financing | |
| Average Monthly Net Salary (After Tax) | $ 4 271.49 |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.66 |
| Sports And Leisure | |
| Fitness Club, Monthly Fee for 1 Adult | $ 71.09 |
| Tennis Court Rent (1 Hour on Weekend) | $ 23.38 |
| Cinema, International Release, 1 Seat | $ 15.00 |
| Clothing And Shoes | |
| 1 Pair of Jeans (Levis 501 Or Similar) | $ 51.94 |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | $ 54.62 |
| 1 Pair of Nike Running Shoes (Mid-Range) | $ 85.53 |
| 1 Pair of Men Leather Business Shoes | $ 122.00 |
| Childcare | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | $ 1 281.25 |
| International Primary School, Yearly for 1 Child | $ 25 250.00 |
Data are provided by Numbeo.com and are based on its users survey. Florida.realestate can not guarantee the validity of these data.
Contact the seller
CityMiami
Address850 NW 2nd St, Miami FL 33128
TypeCommercial property
Completion dateIV quarter, 1918
Price
- Price
- per m²
$ 2 299 000
- EUR €
- USD $
- RUB ₽
- GBP £
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