8 Unit Warehouse $750K SOLD
- Property Name: N Miami Av Multi-Tenant Warehouse
- Address: 7111 N Miami AV, Miami, FL
- Building Size: 14,840 sq.ft.
- Lot Size: 22,500 sq.ft.
- Zoning: Industrial
- Roof Type: Twin T
- Clearance: 18 ft.
- Parking: Yes
- Dock Height: no
- Occupancy: 50%
- # of Units: 8
- Year Built: 1974
- Ownership: Fee Simple
- Owner financing: Yes, with 20% down
- Price/sft.: $50/sft.
- Price: $750,000
Highlights
This multi-tenant warehouse on N Miami Av, Is gated, has a solid twin T concrete roof And almost 20ft ceiling clearance. There are 8 meters, although the property now Has been reduced to 5 units(reversible). 50% of the property has been occupied by 3 tenants. For many years with no current leases, paying only $3,50/sq.ft. or a combined $2,400/month. Seller will finance with only 20% down, at a 6% Interest. Raising the tenants rents slightly will be Enough to pay your mortgage and leave you With 7,500 sq.ft. of warehouse as a bonus! Cant lose! Great opportunity!
