321 NW 37th St, Miami, FL 33127 — MLS photo

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321 NW 37th St, Miami, FL 33127

Active · MixedUse

$600,000

321 NW 37th St, Miami, FL 33127

Beds
—
Baths
0
Living area
— sq ft
$ / sq ft
—
Year built
—
Lot size
5,750 sq ft
HOA fee
—
Annual tax
$10,715

About this property

NEW $600K Price rock bottom. Attn Developers, Architects, Builders, Investors. Build up to 6 story Mixed Use Office, Commercial/Residential micro-units or Motel. Zoned T68-O Density 150 units/ac. 5750 SF lot in Wynwood Norte RDD2 1 blk N of NW 36 St off NW 3rd Ave. Plus Income from solid, NO vacancy, long-term billboard lease for the development. 3 Blks from the Design District & Midtown, The Civic Ctr., Hospitals, Downtown, Port of Miami, Miami Intl. are all nearby. There is ingress & egress for the billboard operations. Lessee pays property, liability & workman’s comp insurance policies, the utilities & ground maintenance of the pole. Lessor is named co-insured and only pays RE Tax. The Value will be developing the Lot. The billboard revenue is a Plus cash flow. It’s a NO Vacancy, solid, ongoing, income stream. Being SOLD “AS-IS” all cash to Seller, buyer(s) to do your own due diligence. Seller has some information available regarding your due diligence with a signed NDA. Call, text or email today. Thank you for your time. Billboard is owned & operated by a reputable 3rd party who hold the permit.

Property location

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321 NW 37th St, Miami, FL 33127

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Facts & features

Interior

Bathrooms
0

Exterior & Structure

Property type
MixedUse
Lot size
5,750 sq ft

Parking

Covered spaces
0

HOA, Community & Financials

Annual tax
$10,715
County
Miami-Dade
Days on market
560
MLS listing ID
A11745932
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

-$1,117

Cap rate
3.5%
Net yield
3.5%
Cash-on-cash return
-8.0%
Gross yield
6.6%
Mortgage payment
$2,844/mo
Down payment
$150,000
Loan amount
$450,000
Annual NOI
$20,725

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