1431 NW 71 Street

Miami, FL, 33147

$26,500,000

$246 per ft²
$26,500,000
$246 per ft²
Active
Active
 - For Sale
carpenters-square
107,436 ft²
property_type
Commercial
GREAT OPPORTUNITY!! THIS PROPERTY HAS BEEN TOTALLY RENOVATED!! 12 TWO STORY BUILDINGS !!OGCCUPANCY RATE IS AT 100%!! 36 THREE BEDROOMS AND 96 TWO BEDROOMS. MAX RENTS COULD GO UP TO $1,317 AND 1,521 IF USINGTHE S42 LIHTC. GROSS BUILDING AREA IS 109,092 SQUARE FEET, OF THAT 107,436 IS RENTABLE AREA. ALL UNITS INCOME RESTRICTED BASED ON THE RESTRICTIVE COVENANTS TIED TO THE HFA BONDS THAT WERE ORIGINALLY APART OF THE FINANCING. RENT CANNOT EXCEED 30% OF TENANTS ANNUAL INCOME. EXCLUDING UTILITIES. ALL UNITS ARE SET ASIDE FOR FAMILY AFFORDABLE HOUSING. THE FIRST MORTGAGE BEING HUD-INSURED, IS ASSUMABLE AND THE INTEREST RATE IS 2.52%, WRITTEN APPROVAL IS REQUIRED FROM HUD. PROVIDE WITHIN 90 DAYS.
MLS® ID:
A11333369
Listed:
10/6/22
Updated:
3/23/23
Blue One Realty
Blue One Realty, LLC
Mobile: (305) 599-1817Email: contact@blueonerealty.com

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
Central Building A/C
Heating
Central Electric

Exterior/Building Features

Lot Size
4.5 acres lot

Other Property Details

Garage
No
Parking
Common
View
N
County
Miami-Dade County
Pool
No
Total Stories
2
Sub Agency Compensation
1.0%
Buyer Agency Compensation
1.0%
Transaction Broker Compensation
1.0%

Courtesy of Patricia Dillard with The N.D.I. Group, Inc.
Listing Contact:  

Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS.  All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. 

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Data last updated 4:51 PM UTC, 3/23/23.

Blue One Realty
Blue One Realty, LLC
Mobile: (305) 599-1817Email: contact@blueonerealty.com
Contact