Description
GREAT OPPORTUNITY!! THIS PROPERTY HAS BEEN TOTALLY RENOVATED!! 12 TWO STORY BUILDINGS !!OGCCUPANCY RATE IS AT 100%!! 36 THREE BEDROOMS AND 96 TWO BEDROOMS. MAX RENTS COULD GO UP TO $1,317 AND 1,521 IF USINGTHE S42 LIHTC. GROSS BUILDING AREA IS 109,092 SQUARE FEET, OF THAT 107,436 IS RENTABLE AREA. ALL UNITS INCOME RESTRICTED BASED ON THE RESTRICTIVE COVENANTS TIED TO THE HFA BONDS THAT WERE ORIGINALLY APART OF THE FINANCING. RENT CANNOT EXCEED 30% OF TENANTS ANNUAL INCOME. EXCLUDING UTILITIES. ALL UNITS ARE SET ASIDE FOR FAMILY AFFORDABLE HOUSING. THE FIRST MORTGAGE BEING HUD-INSURED, IS ASSUMABLE AND THE INTEREST RATE IS 2.52%, WRITTEN APPROVAL IS REQUIRED FROM HUD. PROVIDE WITHIN 90 DAYS.,
, Plat of Rev Pl of Portion of Robert Thomas Sub PB 49-50 Tract C lot Size 49005
Features
- Building Area Total
107436
- Building Area Units
Square Feet
- City
Miami
- Contract Status Change Date
2022-10-07 00:00:00
- Cooling
Yes
- County Or Parish
Miami-Dade County
- Days On Market
122
- Expiration Date
2023-09-30 00:00:00
- Heating
Yes
- Inclusions
Building & Land
- Insurance Expense
137027
- Latitude
26
- Lease Considered
Yes
- List A O R
A-Miami Association of REALTORS
- List Price
26500000
- Living Area Units
Square Feet
- Longitude
-80
- Lot Size Square Feet
196015
- Lot Size Units
Square Feet
- Maintenance Expense
7000
- Manager Expense
64104
- Mls Status
Active
- Net Operating Income
467194
- New Taxes Expense
106
- On Market Date
2022-10-07 00:00:00
- Operating Expense
748996
- Original List Price
26500000
- Originating System Name
miamire
- Other Expense
27871
- Parcel Number
30-31-11-004-0030
- Parking Features
Common
- Possession
Negotiable
- Postal Code
33147
- Property Type
Commercial Sale
- Road Frontage Type
County Road
- Security Features
Smoke Detector(s)
- Standard Status
Active
- State Or Province
FL
- Stories
2
- Stories Total
2
- Tax Legal Description
Plat of Rev Pl of Portion of Robert Thomas Sub PB 49-50 Tract C lot Size 49005
- Trash Expense
134381
- Unparsed Address
1431 NW 71 Street
Miami FL 33147
- Virtual Tour URL Unbranded
https://www.propertypanorama.com/instaview/mia/A11333369
