16155 SW 117th Ave B2, Miami, FL 33177 — MLS photo

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16155 SW 117th Ave B2, Miami, FL 33177

Active · Condominium

$1,022,000

16155 SW 117th Ave B2, Miami, FL 33177

Beds
—
Baths
0
Living area
— sq ft
$ / sq ft
—
Year built
1989
Lot size
—
HOA fee
$330
Annual tax
—

About this property

JUST REDUCED! Now offered at $1,022,000.00 ($365.00/SF), an exceptional value for an owner-user or investor. Well-maintained Class B Flex Office/Warehouse Condominium located in the highly desirable South Dade Business Centre. This two-story CBS construction unit offers 2,800 SF consisting of approximately 1,800 SF of finished office space on the first and second floors and 1,000 SF of warehouse/storage space, providing an ideal layout for a wide variety of industrial, service, distribution, showroom, or professional office users. The office area features ceramic tile flooring with elegant wood trim, while the warehouse offers durable polished concrete floors, 16’ clear ceiling height, and one (1) 10’ x 12’ grade-level rear loading door for efficient loading and unloading. Additional features include impact glass windows and doors, an integrated fire alarm system, CBS construction with built-up roofing over concrete slab panels, and I-UC (Industrial District Conditional) zoning in unincorporated Miami-Dade County. Move-in ready and competitively priced, this is an outstanding opportunity to own quality industrial space in one of South Miami-Dade’s established business parks with excellent access to major transportation corridors. Conveniently located with quick access to the Florida Turnpike, US-1, and the Florida Keys, making it ideal for businesses serving Miami-Dade and Monroe Counties.

Property location

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16155 SW 117th Ave B2, Miami, FL 33177

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Facts & features

Interior

Bathrooms
0

Exterior & Structure

Property type
Condominium
Year built
1989
Lot size
0 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$330
County
Miami-Dade
MLS listing ID
A11946657
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

-$2,330

Cap rate
3.0%
Net yield
3.0%
Cash-on-cash return
-9.8%
Gross yield
6.6%
Mortgage payment
$4,845/mo
Down payment
$255,500
Loan amount
$766,500
Annual NOI
$30,175

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