1359 SW 22nd Ter - Apartments FOR SALE


Miami, FL 33145- Coral Way
$2,200,000 USD
305-858-0014
1359 SW 22nd Ter, Miami, FL for Sale
$2,200,000 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

1359 SW 22nd Ter
Miami, FL 33145
Coral Way


HIGHLIGHTS

  • Excellent neighborhood. Safe , convenient to all Brickell, Downtown, Coral Gables, Coconut Grove, Key Biscayne, I-95.

OVERVIEW

Excellent neighborhood just west of Brickell and South Miami Avenue called " The Roads". Safe, convenient to Brickell, Downtown, Coral Gables, Coconut Grove, Key Biscayne, and Edgewater, Wynwood. Recreational facilities and job opportunities abound. The street is two blocks long, so little traffic. Also a fine area for walking and cycling as well as many shopping , restaurants, and other facilities in walking distance. Two , 2-story buildings built in 1940 of cement block, elevated 3 ft above ground, originally fitted with propane. One is two 2/1 of 2400+ sq ft with patio for 1 apartment. Second is 3/2 and 3/2 with enclosed garage in early tax role records. of 3000sq ft+. Each lot is 5850 with 50 ft frontage and 117th ft depth. both back up to Coral Way, which is T-5-6 to back to empty parking lots on Coral Way. Schools convenient 4 blocks away. Remodel of 1359 with high impact windows, roof, new airconditionings, much new plumbing, kitchens, bathrooms from 2006- 2019. 1351 has metal fence and exterior face remodeled about 2000. Hardwood floors. The two are not same size as to square feet.Cement block wall between them. New townhouses selling above $1.4 directly west on 2925 sq ft lots. and 3 doors east home selling at $2.5 million. There will be no adjustment of price as to the inspections. The sale price is firm $1,100,000 for each duplex/triplex. The post-inspection choices are move forward as is or withdraw from contract. The buyer's concession from sellers is to be discussed prior to creating contract.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$887 USD /SF

# OF UNITS

4

PRICE/UNIT

$550,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

T-0-3

APN/PARCEL ID

01-4139-007-2700,01-4139-007-2710

ASK ABOUT THIS PROPERTY

Anitra ThorhaugUniversal Investments RealtyMore Info
305-858-0014

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Anitra ThorhaugUniversal Investments RealtyMore Info
305-858-0014

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.