3079 NW 11TH ST

3079 NW 11TH ST MIAMI, FL 33125

Sale Overview

Quick Summary

Address 3079 NW 11TH ST MIAMI, FL 33125
Overview Price $2,699,000.00
Year Built 1984
Available Space 37,950 SF

Property Description

Great opportunity to purchase a multifamily investment property in a high demand rental area. The property consists of 6 two-story duplex structures with a total of 12 units. Most units are 3BR/2.5BA and some have converted the living room to a fourth bedroom. Some units are updated, and others will require some updating. The roofs are in good condition and the property has approximately 40 parking spaces. Tenants are all month to month but have resided long-term with some tenants as long as 20 years. Rents are below market allowing for Buyer to increase rents and value add. Seller will credit buyer $180,000.00 for updating units. Seller will finance up to $1.2M at 5.5% interest only for 18 months and give 6 months interest free.


Contact Broker

Otto Travieso, CCIM

Real Capital Partners, LLC

Off: 305.477.9748
Cel: 305.785.7325

Area Overview

CENTRAL

Near Major Attractions, Markets, Passenger And Cargo Hubs:

  • 10 Minutes From Miami International Airport
  • 15 Minutes From Coral Gables
  • 8 Minutes From Downtown/Brickell
  • Convenient Drive To Ft. Laud Int. Airport, Ports & Stadiums

Key Facts

  • 640,546Population

  • 40.2Median Age

  • 2.6Average Household Size

  • $42,876Average Household Income

Statistics Radius

5 Miles

Business

  • 53,669Total Business

  • 399,292Total Employees

  • 1 Mile

    Population 36,063
  • 1 Mile

    Households 11,956
  • 1 Mile

    Families 8,402
  • 1 Mile

    Average Household Size 3.00
  • 1 Mile

    Owner Occupied Housing Units 3,606
  • 1 Mile

    Renter Occupied Housing Units 8,350
  • 1 Mile

    Median Age 43.4
  • 1 Mile

    Median Household Income $33,076
  • 1 Mile

    Average Household Income $47,601
  • 3 Miles

    Population 303,677
  • 3 Miles

    Households 111,812
  • 3 Miles

    Families 69,606
  • 3 Miles

    Average Household Size 2.67
  • 3 Miles

    Owner Occupied Housing Units 27,438
  • 3 Miles

    Renter Occupied Housing Units 84,374
  • 3 Miles

    Median Age 41.7
  • 3 Miles

    Median Household Income $32,858
  • 3 Miles

    Average Household Income $53,156
  • 5 Miles

    Population 640,546
  • 5 Miles

    Households 245,184
  • 5 Miles

    Families 144,399
  • 5 Miles

    Average Household Size 2.56
  • 5 Miles

    Owner Occupied Housing Units 81,289
  • 5 Miles

    Renter Occupied Housing Units 163,895
  • 5 Miles

    Median Age 40.2
  • 5 Miles

    Median Household Income $42,876
  • 5 Miles

    Average Household Income $72,521