Commercial property in Miami, Florida 369.38 sq.m. № 668865
19
ID668865
$ 1 795 000
- EUR €
- USD $
- RUB ₽
- GBP £
Property description
Great Investment opportunity with stable rent growth and cash flow. Located in close proximity to the Design District, Wynwood, and downtown Miami. In total the property consists of 6 individual units with a total of 11 bedrooms and 6 bathrooms. Included is a one story single family home which was subdivided into a 2 bedrooms, 1 bath apartment and an additional 1 bedroom, 1 bath apartment. Two separate 2 -story buildings in the back of the property consist of another 4 apartments, each having 2 bedrooms and 1 full bath. All units are secured with current tenants and an average monthly rent of $2,200. Laundry is on premiss. This property offers an opportunity to increase cash flow even further, through small improvements according to fair market value.MLS #: R10911891
Miami - Statistics
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| Parameters | Miami |
|---|---|
| Rent Per Month | |
| Apartment (1 bedroom) in City Centre | $ 2 823.55 |
| Apartment (1 bedroom) Outside of Centre | $ 2 126.86 |
| Apartment (3 bedrooms) in City Centre | $ 5 478.65 |
| Apartment (3 bedrooms) Outside of Centre | $ 4 065.24 |
| Buy Apartment Price | |
| Price per Square Meter to Buy Apartment in City Centre | $ 6 328.49 |
| Price per Square Meter to Buy Apartment Outside of Centre | $ 3 900.44 |
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| Parameters | Miami |
|---|---|
| Crime Index | 52.94 |
| Cost of Living and Rent Index | 71.76 |
| Purchasing Power Index | 113.27 |
| Property Price to Income Ratio | 5.83 |
| Safety Index | 47.06 |
| Traffic CO₂ Index | 10621.57 |
| Traffic Inefficiency Index | 234.71 |
| Rent Index | 68.30 |
| Health Care Index | 63.43 |
| Groceries Index | 82.15 |
| Pollution Index | 38.73 |
| Traffic Commute Time Index | 42.86 |
| Restaurant Price Index | 86.13 |
| Climate Index | 85.69 |
| Cost of Living Index | 74.60 |
| Quality of Life Index | 162.23 |
| Traffic Index | 211.97 |
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| Parameters | Miami |
|---|---|
| Restaurants | |
| Meal, Inexpensive Restaurant | $ 26.00 |
| 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) | $ 7.00 |
| Imported Beer (0.33 liter bottle) | $ 8.00 |
| Coke/Pepsi (0.33 liter bottle) | $ 2.97 |
| Water (0.33 liter bottle) | $ 2.24 |
| Cappuccino (regular) | $ 5.21 |
| Markets | |
| Milk (regular), (1 liter) | $ 1.18 |
| Loaf of Fresh White Bread (500g) | $ 3.89 |
| Eggs (regular) (12) | $ 4.19 |
| Local Cheese (1kg) | $ 14.88 |
| Water (1.5 liter bottle) | $ 2.32 |
| Bottle of Wine (Mid-Range) | $ 15.00 |
| Domestic Beer (0.5 liter bottle) | $ 2.31 |
| Imported Beer (0.33 liter bottle) | $ 3.01 |
| Cigarettes 20 Pack (Marlboro) | $ 10.80 |
| Apples (1kg) | $ 6.63 |
| Chicken Fillets (1kg) | $ 12.37 |
| Oranges (1kg) | $ 4.46 |
| Potato (1kg) | $ 2.60 |
| Lettuce (1 head) | $ 3.05 |
| Rice (white), (1kg) | $ 3.92 |
| Tomato (1kg) | $ 5.12 |
| Banana (1kg) | $ 1.85 |
| Onion (1kg) | $ 3.29 |
| Beef Round (1kg) (or Equivalent Back Leg Red Meat) | $ 17.41 |
| 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) | $ 3.00 |
| Taxi 1km (Normal Tariff) | $ 1.30 |
| Taxi 1hour Waiting (Normal Tariff) | $ 24.00 |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | $ 26 066.31 |
| Utilities (Monthly) | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment | $ 160.88 |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | $ 66.36 |
| $ 63.00 | |
| Salaries And Financing | |
| Average Monthly Net Salary (After Tax) | $ 4 386.38 |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.62 |
| Sports And Leisure | |
| Fitness Club, Monthly Fee for 1 Adult | $ 74.05 |
| 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) | $ 51.69 |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | $ 51.36 |
| 1 Pair of Nike Running Shoes (Mid-Range) | $ 82.35 |
| 1 Pair of Men Leather Business Shoes | $ 107.69 |
| Childcare | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | $ 1 162.50 |
| 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
Address127 NW 47th Terrace
TypeCommercial property
Living space369.38 m²
- m²
- sq. ft
Completion dateIV quarter, 1926
Price
- Price
- per m²
$ 1 795 000
- EUR €
- USD $
- RUB ₽
- GBP £
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