2010,2014,2020 NW Miami Ct, Miami, FL 33127 — MLS photo

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2010,2014,2020 NW Miami Ct, Miami, FL 33127

Active · MixedUse

$15,600,000

2010,2014,2020 NW Miami Ct, Miami, FL 33127

Beds
—
Baths
0
Living area
— sq ft
$ / sq ft
—
Year built
1938
Lot size
19,650 sq ft
HOA fee
—
Annual tax
$26,655

About this property

This portfolio presents a 19,650 SF three-parcel assemblage with approximately 26,274 SF leasable space by the south-eastern gateway into Wynwood’s Art & Entertainment District. With existing cash flow generated from leases at below market value, the property has tremendous upside potential to further increase revenues while benefiting from the imminent transformation of Wynwood’s SE Quadrant. Several significant new projects such as CIM Group’s Wynwood Square, with approximately 87,000 SF office & retail space as well as 257 apartments, and Quadrum Global’s fashionable Arlo Hotel, are located within only a block or two of the property. Current tenants in place-

Property location

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2010,2014,2020 NW Miami Ct, Miami, FL 33127

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Facts & features

Interior

Bathrooms
0

Exterior & Structure

Property type
MixedUse
Year built
1938
Lot size
19,650 sq ft

Parking

Covered spaces
0
Parking features
Assigned, Free Parking, On Street

HOA, Community & Financials

Annual tax
$26,655
County
Miami-Dade
Days on market
1370
MLS listing ID
A11317463
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$8,053

Cap rate
5.1%
Net yield
5.1%
Cash-on-cash return
-2.2%
Gross yield
6.6%
Mortgage payment
$73,952/mo
Down payment
$3,900,000
Loan amount
$11,700,000
Annual NOI
$790,785

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.