Basic Information

  • MLS # A11146006
  • Type Commercial
  • Style Multi Family
  • Status Sold
  • Subdivision/Complex
  • Year Built 1954
  • Total Sqft N/A
  • Date Listed 01/12/2022
  • Days on Market 34
Description

Awesome Opportunity Awaits! Location, Location, Location! Rare 6-unit income producing complex with two detached buildings in the Palm Grove/Ironside neighborhood in the heart of the MiMo District. Near Magic City, Design District, Midtown and Wynwood. All 6 units currently rented with below market rents. Perfect for an investor looking for great short-term value-add or long-term hold equity growth in one of Miamis most burgeoning neighborhoods. Building #1 has four 1 bed-1 bath units and Building 2 has one 2 bed-1bath unit plus a studio unit, all fenced in for privacy. Possibility to add two more units or increase height to 3 stories per Miami 21 T4-R zoning, with entitled multi-family use, bed and breakfast use by Warrant, or educational use by Exception. Please do not disturb tenants.

Exterior Features

  • Waterfront No
  • Pool No
  • Construction Type Block
  • Parking Spaces 0
  • Parking Description

Interior Features

  • Adjusted Sqft N/A
  • Cooling Description Other, Wall Window Units
  • Floor Description Tile, Wood
  • Heating Description Other
  • Sqft N/A

Property Features

  • Aprox. Lot Size 10,200
  • Construction Materials Block
  • Furnished Info No
  • Listing Terms Cash,Conventional
  • Short Sale Regular Sale
  • Subdivision Complex
  • Subdivision Info
  • Tax Amount $8,690
  • Tax Information BAYWOOD PB 5-85 LOT 7 & 8 BLK 5 LOT SIZE 10200 SQUARE FEET OR 19734-2616 06 2001 1
  • Tax Year 2021
  • Terms Considered Cash,Conventional
  • Type of Property Multi Family

420 NE 70th St

Miami, FL 33138

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