1630 NORTH WEST 18TH ST, Miami
$3,890,000 USD
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| Address | 1630 NORTH WEST 18TH ST, Miami |
| Building Name | 1630 |
| Type of Property | Income / MultiFamily |
| Type of Business | Residential-Multi-Family |
| Business Location | Central Business District,City Location,Near Airport,Near Seaport |
| Property Style | Income Non-Waterfront |
| Price | $3,890,000 |
| Previous Price | $3,990,000 (45 days ago) |
| Property Status | Active |
| MLS Number | A11738279 |
| Property Size | 13507 |
| Lot Size | 13507 |
| Year Built | 1969 |
| Folio Number | 01-31-35-005-2350 |
| Gross Operating Income | $323,257 |
| Net Operating Income | $245,360 |
| Zoning Information | 4601 |
| Days on Market | 235 |
Detailed Description: Fully rented and updated 12 units Multifamily Investment 6.3% CAP RATE. This multifamily offers 8 spacious 2-bedroom / 1-bath units and 4 large 2-bedroom + den / 1-bath units, all meticulously upgraded with 16 parking spaces Brand new roof, high-impact windows, new electrical and plumbing, modern kitchens with new appliances, brand new A / C units, stylish flooring and fresh paint throughout ensure a hassle-free investment. Additional features include a new laundry facility, mechanical room, and a fully gated property with a monitored security camera system. Centrally located near Jackson Memorial, Miami International Airport, and major highways, this property is ideal for stable rental income. A true peace-of-mind investment with a strong 6.3% CAP rate! Don’t miss out—easy to show and won’t last!
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Address Information
| State | Florida |
| City | Miami |
| County | Miami-Dade County |
| Zip Code | 33125 |
| Address | 1630 NORTH WEST 18TH ST |
| Business Location | Central Business District,City Location,Near Airport,Near Seaport |
| Section | 35 |
| Zip Code (4 Digits) | 5714 |
Financial Information
| Price | $3,890,000 |
| Price per Foot | $0 |
| Previous Price | $3,990,000 |
| Folio Number | 01-31-35-005-2350 |
| Gross Operating Income | $323,257 |
| Net Operating Income | $245,360 |
| Tax Amount | $31,540 |
| Tax Year | 2024 |
Full Descriptions
| Detailed Description | Fully rented and updated 12 units Multifamily Investment 6.3% CAP RATE. This multifamily offers 8 spacious 2-bedroom / 1-bath units and 4 large 2-bedroom + den / 1-bath units, all meticulously upgraded with 16 parking spaces Brand new roof, high-impact windows, new electrical and plumbing, modern kitchens with new appliances, brand new A / C units, stylish flooring and fresh paint throughout ensure a hassle-free investment. Additional features include a new laundry facility, mechanical room, and a fully gated property with a monitored security camera system. Centrally located near Jackson Memorial, Miami International Airport, and major highways, this property is ideal for stable rental income. A true peace-of-mind investment with a strong 6.3% CAP rate! Don’t miss out—easy to show and won’t last! |
| Year Built Description | Resale |
| How to Reach | USE GPS |
| Roof Description | Concrete |
| Floor Description | Tile, Vinyl |
| Cooling Description | Central Individual A / C |
| Heating Description | Central Individual A / C |
| Water Description | Public |
| Sewer Description | Public Sanitation |
| Parking Description | Assigned, No Truck / Trailer, Other |
Property parameters
| Living Area | 13507 |
| Lot Size | 13507 |
| Total Acreage | 0.310 |
| Zoning Information | 4601 |
| Maximum Leasable Size | 13507 |
| Year Built | 1969 |
| Type of Property | Income / MultiFamily |
| Type of Business | Residential-Multi-Family |
| Style | Income Non-Waterfront |
| Building Name | 1630 |
| Construction Type | Concrete Block Construction,CBS Construction |
| Stories Number | 2 |
| Street Direction | North West |
| Listed with | One Sotheby’s International Realty |