Interior
- Bathrooms
- 0
Active · MultiFamily
$11,777,000
601 NE 22nd St, Miami, FL 33137
- Beds
- —
- Baths
- 0
- Living area
- — sq ft
- $ / sq ft
- —
- Year built
- 1972
- Lot size
- 15,230 sq ft
- HOA fee
- —
- Annual tax
- —
About this property
Located in a prime Edgewater neighborhood with stunning waterfront views to the Bay, offers a unique opportunity to redevelop or maintaining these rental apartments. Total lot of 15,230 SF with a five-story apartment building that comprise 21 residential units of 1 bedroom and 1 bathroom. Convenient zoned T6-36a-L, by right, it can be built up to 52 units and 180,760 SF, plus an additional 40% more with Public Benefit. Property is surrounded by several luxury buildings, totaling over 6,000 units. Adjacent to the bay and Biscayne Boulevard, and just few minutes from Midtown, Wynwood, Design District, A&E District, Downtown and Brickell. Income & Expenses and Rent Roll can be provided by inquiry or during the Due Diligence period.
Property location
Get Directions601 NE 22nd St, Miami, FL 33137
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Facts & features
Exterior & Structure
- Property type
- MultiFamily
- Year built
- 1972
- Lot size
- 15,230 sq ft
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- County
- Miami-Dade
- MLS listing ID
- A11774630
- 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
-$23,050
- Cap rate
- 3.3%
- Net yield
- 3.3%
- Cash-on-cash return
- -8.4%
- Gross yield
- 6.6%
- Mortgage payment
- $55,829/mo
- Down payment
- $2,944,250
- Loan amount
- $8,832,750
- Annual NOI
- $393,346
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.