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$3,875,000
Eceptional nnn lease opportunity in the vibrant allapattah neighborhood (33142). the property includes two contiguous properties on two separate folios - 1260 and 1270 nw 29th street - totaling 11,908 square feet on 16,845 square feet of land. both properties recently underwent, extensive renovations and are under lease with a roster of stable, handpicked tenants supported by high-quality nnn lease agreements. both properties occupy 116 feet of linear street-front exposure. providing multiple access and egress points. zoned d1, this well-maintained property offers an attractive location within a rapidly growing area. note: current cap rate at asking price is 5.75. with the future rental of the 1,537 sf vacant space this property will perform at well above a 6% return.Multi Family - for Sale
1260 NW 29TH ST, MIAMI, FL 33142
Asking Price$3,875,000 Change Price$75,000
- Lot size 16845sqft
- Taxes: Register to see
- Year Built 1953
-
Days on market:
209 day(s) Original Price:
$3,950,000Tax Legal Description:
26 53 41 WEST END PK AMD PL PB 6-142 W19FT LOT 14 & ALL LOTS 15 & 16 BLK 9 LOT SIZE 67.500 X 145 OR 21106-3094 0203 1-
MLS:
A11649189 -
Property Type:
Multi Family -
Parking:
Shared Parking -
Waterfrontage (sqft):
116 -
Inclusions:
Building & Land
Lease Term Remaining:
1 To 3 Year Lease,4 To 6 Year LeaseSpecial Listing Conditions:
SaleLot Features:
Central Business District City Location
Description
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