1337 77th St ,Commercial Condo, Income Non-waterfront for Sale & Rent

1337 77th St for Sale & Rent

Price $1,799,900.00

• Lot size 13100
• Year Build 1935
• Waterfront
• Zip 33147
• Style
• Parking Description Assigned
• Pool Yes
• Status Active

Description

This unique property presents a significant opportunity for the right investor or developer. Please note that the property is currently encumbered by substantial liens and several unresolved legal violations. There are structural concerns, including roof damage and leaks, that will require considerable attention and repair. Additionally, the property features five electrical meters servicing eleven units, with some units lacking proper legal status. While these challenges are considerable, they also offer potential for substantial value creation through redevelopment or rehabilitation. For those interested, please ensure thorough due diligence and consult with legal and construction professionals to fully understand the scope of work required.

Please Do Not Disturb Tenants. 24 hour showing notice, use showing assistCALL CO-LISTING AGENT

CORAL COURT PB 21-15 LOTS 8 & 9 INC BLK 1 LOT SIZE 13100 SQ FT OR 10315-445 0179 4

In Residential Area

This unique property presents a significant opportunity for the right investor or developer. Please note that the property is currently encumbered by substantial liens and several unresolved legal violations. There are structural concerns, including roof damage and leaks, that will require considerable attention and repair. Additionally, the property features five electrical meters servicing eleven units, with some units lacking proper legal status. While these challenges are considerable, they also offer potential for substantial value creation through redevelopment or rehabilitation. For those interested, please ensure thorough due diligence and consult with legal and construction professionals to fully understand the scope of work required.

City:Miami,Zoning:5000,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2021,Flooring:1:Tile,Latitude:25.8444979,Cooling Y N:1,Lease Term:1 To 3 Year Lease,Month To Month,List Price:1799900,Listing Id:A11146510,Longitude:-80.2200405,Mls Status:Active,Ownership:Limited Partnership,Year Built:1935,Inclusions:Building & Land, Leases,Postal Code:33147,Street Name:77th St,Coordinates:1:25.8444979,Gross Income:255600,Photos Count:28,Building Name:1337,Business Type:1:Residential-Multi-Family,Days On Market:799,Listing Terms:1:Conventional/Refinance,2:Secondary Financing,Lot Size Units:Square Feet,M I A M I R E_ Area:31,On Market Date:2022-01-27,Parcel Number:30-31-11-027-0070,Property Type:Commercial Sale,Stories Total:2,Street Number:1337,Public Remarks:This unique property presents a significant opportunity for the right investor or developer. Please note that the property is currently encumbered by substantial liens and several unresolved legal violations. There are structural concerns, including roof damage and leaks, that will require considerable attention and repair. Additionally, the property features five electrical meters servicing eleven units, with some units lacking proper legal status. While these challenges are considerable, they also offer potential for substantial value creation through redevelopment or rehabilitation. For those interested, please ensure thorough due diligence and consult with legal and construction professionals to fully understand the scope of work required.,County Or Parish:Miami-Dade County,List Office Name:RE/MAX Advance Realty,Manager Expense:10800,Private Remarks:Please Do Not Disturb Tenants. 24 hour showing notice, use showing assistCALL CO-LISTING AGENT,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,New Taxes Expense:3337,Postal Code Plus4:5708,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:NW,Tax Annual Amount:2815,Unparsed Address:1337 NW 77th St, Miami FL 33147,Insurance Expense:8000,Listing Agreement:Exclusive Right To Sell,Operating Expense:32381,Security Features:1:Security Fence,2:Security Gate,Year Built Details:New Construction,Building Area Total:6732,Building Area Units:Square Feet,Lease Considered Y N:1,Lot Size Square Feet:13100,Number Of Buildings:2,Original List Price:2300000,Previous List Price:2099999,Public Survey Range:31,I D X Participation Y N:1,Maintenance Expense:10224,Net Operating Income:223219,Syndication Remarks:This unique property presents a significant opportunity for the right investor or developer. Please note that the property is currently encumbered by substantial liens and several unresolved legal violations. There are structural concerns, including roof damage and leaks, that will require considerable attention and repair. Additionally, the property features five electrical meters servicing eleven units, with some units lacking proper legal status. While these challenges are considerable, they also offer potential for substantial value creation through redevelopment or rehabilitation. For those interested, please ensure thorough due diligence and consult with legal and construction professionals to fully understand the scope of work required.,Listing Contract Date:2022-01-27,Originating System I D:miamire,Public Survey Section:11,Showing Instructions:Call Listing Agent,Street Number Numeric:1337,Tax Legal Description:CORAL COURT PB 21-15 LOTS 8 & 9 INC BLK 1 LOT SIZE 13100 SQ FT OR 10315-445 0179 4,Electric On Property Y N:1,Gross Scheduled Income:255600,Public Survey Township:31,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2.5%,M I A M I R E_ Internet Remarks:Multifamily Residential Income Opportunity 13 Units.,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2022-01-27,Internet Address Display Y N:1,Number Of Units In Community:13,Internet Consumer Comment Y N:1,Transaction Broker Compensation:2.5%,Internet Entire Listing Display Y N:1,M I A M I R E_ Compensation Disclaimer:BBC: 2.5%, The offer of compensation is made only to participants of the MLS where the listing is filed.,Transaction Broker Compensation Type:%,Internet Automated Valuation Display Y N:1,