421 NW 12th St
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421 NW 12th St
16 Unit Apartment Building $2,400,000 ($150,000/Unit) Florida City, FL 33034
Investment Highlights
- 16 Units 8 2/1 8 1/1
- Great Parking, Opportunity Zone
Executive Summary
Address: 441 NW 12th St & 421 NW 12th St, Florida City
Status: Sold Together
( Property Details )
Roof: Sealed in 2024
Units: 8 units of 2 bedrooms/1 bathroom and 8 units of 1 bedroom/1 bathroom
Condition: 13 units fully remodeled; 3 units partly remodeled
Cooling: All units equipped with new mini-split A/C systems
Security: Both buildings have wired camera systems
Fencing: Both properties are fenced in
Neighborhood: The properties are situated on a street recognized as one of the best up-and-coming areas in Florida City. New multi-family buildings and townhomes are being developed in the vicinity.
( Rent Roll )
Building 421 (2 Bedroom/1 Bathroom Units)
Unit 1: $1,700
Unit 2: $1,700
Unit 3: $1,700
Unit 4: $1,700
Unit 5: $
Unit 6: $
Unit 7: $
Unit 8: $
Building 421 (1 Bedroom/1 Bathroom Units)
Unit 1: $1,650 (awaiting appliances or minor finishes)
Unit 2: $ (awaiting appliances or minor finishes)
Unit 3: $ (awaiting appliances or minor finishes)
Unit 4: $ (awaiting appliances or minor finishes)
Unit 5: $ (awaiting appliances or minor finishes)
Unit 6: $ (awaiting appliances or minor finishes)
Unit 7: $ (awaiting appliances or minor finishes)
Unit 8: $ (awaiting appliances or minor finishes)
Status: Sold Together
( Property Details )
Roof: Sealed in 2024
Units: 8 units of 2 bedrooms/1 bathroom and 8 units of 1 bedroom/1 bathroom
Condition: 13 units fully remodeled; 3 units partly remodeled
Cooling: All units equipped with new mini-split A/C systems
Security: Both buildings have wired camera systems
Fencing: Both properties are fenced in
Neighborhood: The properties are situated on a street recognized as one of the best up-and-coming areas in Florida City. New multi-family buildings and townhomes are being developed in the vicinity.
( Rent Roll )
Building 421 (2 Bedroom/1 Bathroom Units)
Unit 1: $1,700
Unit 2: $1,700
Unit 3: $1,700
Unit 4: $1,700
Unit 5: $
Unit 6: $
Unit 7: $
Unit 8: $
Building 421 (1 Bedroom/1 Bathroom Units)
Unit 1: $1,650 (awaiting appliances or minor finishes)
Unit 2: $ (awaiting appliances or minor finishes)
Unit 3: $ (awaiting appliances or minor finishes)
Unit 4: $ (awaiting appliances or minor finishes)
Unit 5: $ (awaiting appliances or minor finishes)
Unit 6: $ (awaiting appliances or minor finishes)
Unit 7: $ (awaiting appliances or minor finishes)
Unit 8: $ (awaiting appliances or minor finishes)
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$289,200
|
$72.81
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$289,200
|
$72.81
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2022)
| Gross Rental Income | |
|---|---|
| Annual | $289,200 |
| Annual Per SF | $72.81 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $289,200 |
| Annual Per SF | $72.81 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $2,400,000 | Lot Size | 0.15 AC |
| Price Per Unit | $150,000 | Building Size | 3,972 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1978/2022 |
| Property Subtype | Apartment | Parking Ratio | 4.53/1,000 SF |
| Apartment Style | Mid Rise | Opportunity Zone |
Yes
|
| Building Class | C |
| Price | $2,400,000 |
| Price Per Unit | $150,000 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 3,972 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1978/2022 |
| Parking Ratio | 4.53/1,000 SF |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 16 | - | - |
1 of 1
Bike Score ®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 16-7824-008-1140 | Improvements Assessment | $731,608 (2024) |
| Land Assessment | $128,000 (2024) | Total Assessment | $859,608 (2024) |
PROPERTY TAXES
Parcel Number
16-7824-008-1140
Land Assessment
$128,000 (2024)
Improvements Assessment
$731,608 (2024)
Total Assessment
$859,608 (2024)
zoning
| Zoning Code | RM (Multi-Family) |
| RM (Multi-Family) |
-
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421 NW 12th St
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