ROCKMOOR PLACE, Residential Incomes – 36 NE 61st St, Miami, FL 33137, USA-001-11-30T00:00:00-05:00
Opportunity to acquire a portfolio of 29 single-family and income producing properties located in Miami-Dade and Broward Counties. The portfolio is fully stabilized with a current Capitalization Rate of 7.88% and an adjusted Capitalization Rate of 7.15% acco

36 NE 61st St, Miami, FL 33137, USA

$7,000,000 USD
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Address36 NE 61ST ST #44, Miami
Building NameROCKMOOR PLACE
Type of PropertyDuplex
Property StyleDuplex
Price$7,000,000
Previous Price0 (40 days ago)
Property StatusActive
MLS NumberA10492004
Bedrooms Number0
Full Bathrooms Number0
Living Area2418
Year Built2007
Parking Space Number4
Folio Number01-31-13-049-0180
Zoning Information5700
Days on Market119

Detailed Description: Opportunity to acquire a portfolio of 29 single-family and income producing properties located in Miami-Dade and Broward Counties. The portfolio is fully stabilized with a current Capitalization Rate of 7.88% and an adjusted Capitalization Rate of 7.15% accounting for tax increments. All properties were recently renovated and are 100% occupied as of May 2018. Leases are mostly structured on twelve-month terms and some are month-month contracts. The portfolio includes a healthy mix of single family homes, duplex, and triplex that account for a total of 44 units within the portfolio.

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Address Information
StateFL
CityMiami
CountyMiami-Dade County
Zip Code33137
Address36 NE 61ST ST
Section13
Subdivision Number49
Zip Code (4 Digits)2023
Google Location Info36 NE 61st St, Miami, FL 33137, USA
Financial Information
Price$7,000,000
Price per Foot$2,895
Folio Number01-31-13-049-0180
Tax Amount$4,117
Tax Year2017
Possession InformationOther
Full Descriptions
Detailed DescriptionOpportunity to acquire a portfolio of 29 single-family and income producing properties located in Miami-Dade and Broward Counties. The portfolio is fully stabilized with a current Capitalization Rate of 7.88% and an adjusted Capitalization Rate of 7.15% accounting for tax increments. All properties were recently renovated and are 100% occupied as of May 2018. Leases are mostly structured on twelve-month terms and some are month-month contracts. The portfolio includes a healthy mix of single family homes, duplex, and triplex that account for a total of 44 units within the portfolio.
Year Built DescriptionResale
Roof DescriptionOther Roof
Floor DescriptionOther Floors
Cooling DescriptionCentral Cooling
Heating DescriptionNo Heat
Sewer DescriptionOther Sewer
Occupancy InformationTenant Occupied
Remarks29 Property Portfolio FOR SALE – fully stabilized with a current CAP Rate of 7. 88% and an adjusted CAP Rate of 7. 15% accounting for tax increments.
Property parameters
Bedrooms Number0
Full Baths Number0
Living Area2418
Zoning Information5700
Year Built2007
Type of PropertyDuplex
Type of AssociationNone
StyleDuplex
Building NameROCKMOOR PLACE
Construction TypeOther Construction
Stories Number1.000
Street DirectionFlorida
Parking Space Number4
Listed withGridline Properties
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