570 NE 68th St

Bayside, Miami, FL 33138

$3,500,000
Commercial / Bureau

AGENTS

Description

John DeMarco with Re/Max 5 Star Realty is pleased to present the sale of a 570 NE 68th St, Miami, Florida. This 8 unit multifamily building is located in an extremely desirable area within the upper east side district of Miami. It is in close proximity to Biscayne Blvd and only few minutes from Miami Beach. The physical property consists of 3,796 leasable SF, well situated on a large 7,200 sf lot. Once up and running as a vacation rental, this property is projected to generate over $300,000 annual gross income. Using a conservative $120 p/night rate and 20 days occupancy rate, projected net income will $257,256, which will provide an investor with a strong 7.35% capitalization rate at a full asking price.
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DÉTAILS DE LA PROPRIÉTÉ

  • Extérieur
    .17 HECTARES
  • Type de propriété
    Commercial / Bureau
  • MONTHLY REAL ESTATE TAX
    $1,352
  • ANNUAL REAL ESTATE TAX
    $16,225
  • Année de construction
    1937
  • MLS / ID de l'annonce
    A11058867

DÉTAILS DU BÂTIMENT / DE LA PROPRIÉTÉ

  • Air Conditioning
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Annonce publiée avec l'aimable autorisation de RE/MAX 5 Star Realty

EMPLACEMENT

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TRAVEL TIMEFROMBayside
TYPE OF TRANSPORTATION