3001 NW 22nd Ave, Miami, FL 33142 — MLS photo

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3001 NW 22nd Ave, Miami, FL 33142

Active · Condominium

$3,200,000

3001 NW 22nd Ave, Miami, FL 33142

Beds
—
Baths
0
Living area
— sq ft
$ / sq ft
—
Year built
1955
Lot size
32,280 sq ft
HOA fee
—
Annual tax
$0

About this property

Sunset Coast Realty, LLC presents, a versatile investment property in Allapattah. Built in 1955, this solid concrete/stucco building offers flexible layouts including 2 bathrooms, small kitchen, open floor plans, 2 offices, and ample parking. The property spans approx. 9,899 SF of interior space on a 32,280 SF lot, presenting excellent potential for multiple commercial uses or redevelopment. The land use alone is very valuable and has a lot of potential. It is a prime location near I-95, SR-112, Downtown, Brickell, and the Health District. Ideal value-adds opportunity for investors—schedule your showing today! Property is zoned as T5-0 which enables the opportunity for investors to develop residential, multifamily development, restaurant, hotel, entertainment establishment, and food service establishment. The 40-year inspection for the building has been completed. A copy of the report can be provided upon request. Price is negotiable. Don't miss out on this great development opportunity!!!

Property location

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3001 NW 22nd Ave, Miami, FL 33142

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Facts & features

Interior

Bathrooms
0
Flooring
Carpet, Tile
Cooling
Central Air
Heating
Central, Electric

Exterior & Structure

Property type
Condominium
Year built
1955
Lot size
32,280 sq ft
Roof
Tar Gravel
Construction
CBSConcrete Block Structure, Block

Parking

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

HOA, Community & Financials

Security
Fenced, Security Gate, Smoke Detectors
Annual tax
$0
County
Miami-Dade
Days on market
293
MLS listing ID
A11876311
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

-$1,196

Cap rate
5.2%
Net yield
5.2%
Cash-on-cash return
-1.6%
Gross yield
6.6%
Mortgage payment
$15,170/mo
Down payment
$800,000
Loan amount
$2,400,000
Annual NOI
$167,680

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