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Mimo

$1,350,000

515 NE 63rd St, Miami, FL 33138

Active
Last Updated: 04/04/2025

2,809 sqft

Building Size

1937

Year Built

Details:
Building Size:    2,809 sqft
Year Built:    1937
Floors:    2
Parking Spots:    4
Gross Leaseable Area:    2,809
Highlights:
  • Lot Features: Less Than 1/4 Acre Lot
  • Documents Available: Other Available Information
  • Architectural Style: Other
  • Cooling: Central Air
  • Heating: Central
  • Flooring: Tile
  • Construction Materials: CBS Construction
Description:

IMMACULATE, TASTEFUL & COMPLETELY REMODELED fourplex in the heart of the MIMO district. ALj units have washer/dryers and central A/C. 4 separate meters and zoned/use as a multifamily. Great annual income and even more if done with short term rentals. Brand new roofs in 2021 and 2022 on each building. Front building have impact windows. 48 hour notice,POF must be provided for showings. Beautiful central courtyard for tenants enjoyment. Each unit comes with one parking space.
Gross income at current leases $101,000.00 (2 bedrooms Apts are rented way under market value that is aprox between $2,800 t $3,200 per unit) Text me for financial Worksheet.
UNITS BREAKDOWN:
See attachment for CAP rate report.
Two apartments 2/2
One apartment 2/1
One apartment 1/1

Map:
Location
Gallery