Home » Miami » 1630 NW 18th St, Miami, FL 33125 | A11738279

Multi Family For Sale 1630 NW 18th St, Miami, FL 33125

$4,200,000

Property Highlights

Listing ID A11738279 Status of this Listing: Active For Sale Newly Listed Property Property Type Commercial Sale Multi Family Building Area 7,692 Sqft/714.61 m2 approx. Lot area 13,507 Sqft/1254.84 m2 approx. Year Built 1969 Seller considers Owner Financing Time of this property on Rebonus 1 Day(s)

1630 NW 18th St, Miami, FL 33125

Property Description: Exceptional Turnkey Multifamily Investment – 12 Upgraded Units! Prime investment opportunity in the heart of Miami! This fully renovated 12-unit multifamily building, with 16 parking spaces, offers 8 spacious 2-bedroom/1-bath units and 4 large 2-bedroom + den/1-bath units, all meticulously upgraded. 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.

Useful Info

Original List Price:$4,200,000
If Bank REO, Short Sale, As Is, etc.:
  • Corporate Listing (Corporate Owned Property)

Lease Details

Lease Terms Description:Annual Lease

Business Info

Gross Scheduled Income:330970
Financial Data Source:
  • Owner
  • Other

Land Lot (Parcel) Details

Lot Size Acres:0.31
Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Number of Buildings:1
Number of Units Total:12
Levels:Two
Construction Materials:
  • Block
Flooring:
  • Tile
  • Vinyl
Structure Type:
  • Multi Family
Stories:2
Road Frontage Type:
  • City Street

Property Features

Waterfront:No
Security:
  • Smoke Detector(s)
  • Security System
  • Other
  • Fenced
Roof:
  • Concrete
Window Features:
  • Impact Glass
Green Energy Efficient:
  • Appliances
  • Windows
  • Roof
  • Insulation
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating:Yes
Heating System:
  • Central

Taxes and Expenses

Tax Annual Amount:$2,667

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2024
Maintenance Expense:$6,000
Insurance Expense:$11,500

Terms

Documents Available:
  • Ground Photo
  • Deed
  • Rent Rolls
  • Survey
  • Lease
Listing Terms Considered by Seller:
  • Conventional
  • Assumable (The financing currently in place may be assumed)
  • Owner May Carry (Owner Financing, The Seller may be interested in carrying the mortgage note)
  • Owner May Carrysecond
Occupant Type:
  • Tenant
Lease Term:
  • 12 Months
Tenant Pays:
  • Electricity
  • Hvac Maintenance
Lease Considered:No

Community

Building Name:1630
Senior Community:No

Parking

Covered Spaces:0
Parking Features:
  • Assigned
  • Other

Utilities

Number of Separate Electric Meters:12
Sewer:
  • Public Sewer
Utilities Expense:$5,332
Water Source:
  • Public

More Details

Other Information:
Property DescriptionMULTI FAMILY 12 UNITS
Miami-Dade Assessed Amount "Save Our Homes" (SOH) Value1640000
Flood ZoneAE
Common Area Maintenance IncludesManagement Fees,Exterior Maintenance,Real Estate Tax,Sewer,Trash Removal,Water
FEMA Flood Zone DesignationsAE
Municipal Code1
Ref1104277574
Subdivision Number5

Zoning and Legal

Tax Legal Description:BRADDOCKS SUB NO 4 PB 3-61 LOTS 18 THRU 21 BLK 9 & N1/2 OF ALLEY LYG S & ADJ CLOSED ORD 13492 LOT SIZE 13507 SQ FT M/L
Real Estate Folio Number (Parcel Number):01-31-35-005-2350
Zoning Description:4601
Public Survey Township:1
Public Survey Range:31
Public Survey Section:35

Listing History

Update/EventDate/Days
Published Date:February 4, 2025 5:37 pm
On Market Date:February 4, 2025
Price Change Date Time:February 4, 2025 1:25 pm
Last Important Update Description:New Listing
Date and Time of Last Important Update:February 4, 2025 5:37 pm
Status Last Changed:February 4, 2025 5:37 pm
Photos Last Modified:February 4, 2025 11:19 pm
Last Modified:February 5, 2025 2:00 am
Days on the Market Reference Date:February 5, 2025
Days on the Market (updated on Last Modified*):0
Cumulative Days on the Market (updated on Last Modified**):0

Additional Information

Lot Size Range:1/4 Acre Or Less
Number of Photos:17
Location:Central Business District,City Location,Near Airport,Near Seaport,,
Included:Building & Land,Inventory,Leases,Equipment,
Area:31
Courtesy of:One Sotheby's International Realty
Universal Property Id:US-12025-N-0131350052350-R-N

Location

Show Property Address:Yes
Street Name:18th St
Street Number:1630
Street Direction Prefix:NW
Street Address:1630 NW 18th St
City : Miami
State : Florida
Zip Code : 33125
County : Miami-Dade
Full Address:1630 NW 18th St, Miami, FL 33125
Latitude:N25° 47' 30.3''
Longitude:W81° 46' 39.8''

Neighborhood

Postal City:Miami

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