Ignite FB Tracking Pixel1431 nw 71 Street, Miami, FL 33147 - Trident Real Estate, Inc
listing
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Commercial
$26,500,000
1431 NW 71 Street
Miami, FL 33147
Courtesy of The N.d.i. Group, Inc.
MLS: MIAMI Association of REALTORS
Est. Mortgage
$136,888/mo

GREAT OPPORTUNITY!! THIS PROPERTY HAS BEEN TOTALLY RENOVATED!! 12 TWO STORY BUILDINGS !!OGCCUPANCY RATE IS AT 100%!! 36 THREE BEDROOMS AND 96 TWO BEDROOMS. MAX RENTS COULD GO UP TO $1,317 AND 1,521 IF USINGTHE S42 LIHTC. GROSS BUILDING AREA IS 109,092 SQUARE FEET, OF THAT 107,436 IS RENTABLE AREA. ALL UNITS INCOME RESTRICTED BASED ON THE RESTRICTIVE COVENANTS TIED TO THE HFA BONDS THAT WERE ORIGINALLY APART OF THE FINANCING. RENT CANNOT EXCEED 30% OF TENANTS ANNUAL INCOME. EXCLUDING UTILITIES. ALL UNITS ARE SET ASIDE FOR FAMILY AFFORDABLE HOUSING. THE FIRST MORTGAGE BEING HUD-INSURED, IS ASSUMABLE AND THE INTEREST RATE IS 2.52%, WRITTEN APPROVAL IS REQUIRED FROM HUD. PROVIDE WITHIN 90 DAYS.

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Information courtesy of The N.d.i. Group, Inc. is subject to verification and is not guaranteed.
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