Interior
- Bathrooms
- 0
Active · SpecialPurpose
$9,500,000
60 NW 20th St & 1942 NW MI., Miami, FL 33127
- Beds
- —
- Baths
- 0
- Living area
- — sq ft
- $ / sq ft
- —
- Year built
- 1959
- Lot size
- 20,625 sq ft
- HOA fee
- —
- Annual tax
- —
About this property
ATTENTION BUILDERS, DEVELOPERS, INVESTORS: Development opportunity in the Wynwood area and Omni Area 2; assembled lot on 20 St., total 20,625 sq. ft. With Crown Castle as a tenant on the back lot, a new payment of $2,869 per month plus 80% of property tax payments, and a month-to-month $3,700 mechanic shop, you can receive income while planning the development. Ft Do not disturb the tenant; drive around before sending the LOI. See attachment, zone T6 8,
Property location
Get Directions60 NW 20th St & 1942 NW MI., Miami, FL 33127
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Facts & features
Exterior & Structure
- Property type
- SpecialPurpose
- Year built
- 1959
- Lot size
- 20,625 sq ft
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- County
- Miami-Dade
- MLS listing ID
- A11388408
- 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
-$18,593
- Cap rate
- 3.3%
- Net yield
- 3.3%
- Cash-on-cash return
- -8.4%
- Gross yield
- 6.6%
- Mortgage payment
- $45,035/mo
- Down payment
- $2,375,000
- Loan amount
- $7,125,000
- Annual NOI
- $317,300
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.