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Jesse Spencer

1442 SW 3rd St

$1,315,000  |  1442 SW 3rd St, Miami, FL 33135
6 Units High Cash Flow Opportunity with 7.5 % Cap Rate. Fully stabilized multifamily asset with separate onsite commercial laundry facility. The property consists of Three structures , 2 building with 4 units 2 bed 1 bath and a 2 unit building in the rear with 4 beds 2 bath total 6 units. Plus a very profitable onsite commercial laundry facility. Laundry has separate business license servicing the building & neighboring buildings with 10 commercial washer and 10 commercial gas dryer producing f $5000-5400/month. netting $4000/4300 All machines are owned and conveyed with the sale. Property has new drain system, driveway, impact windows all units redone completely ,fencing electric parking gate and 6 parking spaces. 2 bed 1 bath rented $1300/1350 . 4 bed 2 bath rented $1950/1990
  • Sold
    Status
  • 1921
    Year Built
  • 4,697 Sq.Ft.
    Living Area

Features & Amenities

Area & Lot

  • Status: Sold
  • Living Space: 4,697 Sq.Ft.
  • Lot Size: 0.172 Acres
  • MLS ID: A10790559
  • Type: COMMERCIAL
  • Year Built: 1921

Interior

  • Flooring: Ceramic Floor, Other

Exterior & Building

  • Stories: 2
  • Roof: Shingle
  • Parking: Assigned
  • Heat Type: Central Individual A/C
  • Substructure: Concrete Block Construction
  • Security Features: Smoke Detector(s), Security Fence, Security System

Financial

  • Sales Price: $1,315,000
  • Real Estate Tax: $10,008
  • Zoning: 3901

1442 SW 3rd St

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