USD 2,250,000

1950 NW 17th Ave
Miami, Florida 33125

Beds
Baths 0

Property Description

Extraordinary opportunity to invest in this commercial property located in up-and-coming Allapattah. Offering excellent exposure to NW 17 Ave. Consists of 4 units with 4 separate electrical meters. Currently occupied by 3 tenants, a nail/hair salon (2), market (1), and laundromat (1). Utilities are split by 2 water meters and 1 gas meter for the laundromat. All units have updated electrical panels and accordion shutters. Each unit has its own bathroom and extra space for storage or eating area. The property has tremendous upside potential to further increase revenues while benefiting from the imminent transformation of the area. There is an opportunity to raise rents to market value, making this a great value add deal. DO NOT DISTURB TENANTS.

Listed by The Keyes Company

Property Details

ID #
A11210743
Status
Sale
Type
Commercial, Industrial
Zip Code
33125
Year Built
1949
Building Feature
Air Conditioning
Ground Feature
Fenced
Septic
City sewer
Construction
Concrete Block Construction
Electric Service
Separate Meters
Floor
Ceramic Floor
Lease Term
1 To 3 Year Lease
Location
City Location
Occupancy
Tenant Occupied
Parking
Other Parking, Street Parking
Road Frontage
City Road
Road Type
Two Lane
Storm Protection
Partial Accordian Shutters
Type of Building
Strip Store
Utilities
Internet
Zoning Information
6100
Miscellaneous
Coffee Shop, Laundry Facilities, Private Restrooms, Separate Office Area, Storage
Disclaimer: BBC: 2.5%, The offer of compensation is made only to participants of the MLS where the listing is filed.
Listing content provided by the Miami Association of REALTORS

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