Multifamily investment featuring a total of 13 units spread across two structures. The primary two story building includes 11 units, along with a separate detached structure housing 2 additional units. The current unit configuration includes six 2 bedroom/1 bath units and seven 1 bedroom/1 bath units. Buyer to independently verify the legal unit count, unit layout, bedroom/bathroom configuration, and unit numbering with Miami Dade County. The property is being conveyed as is, and the buyer will assume responsibility for any existing liens and code violations. The buildings are presently boarded, however a walk through video is available to review the interior condition. This asset presents a strong opportunity for investors interested in redevelopment, repositioning, or a long term hold. The property was vandalized, resulting in significant damage. All exterior doors need to be replaced, multiple windows are broken, and the units will need to be stripped down to the studs and completely rebuilt from scratch. The walls were broken through to steal electrical wiring and to get to the other units. Plumbing lines and fixtures were stolen, causing extensive system damage. A comprehensive renovation is required. The electrical system needs a complete overhaul, including replacement of panels and full rewiring. The plumbing system also requires full replacement due to the stolen and missing plumbing lines and fixtures. Mold is present throughout the property, worsened by broken walls that allow access between units. In addition, the roof is visibly sinking, as shown in the provided photographs. In summary, the entire unit requires a full renovation, including proper permitting and work performed by a licensed contractor.
Multifamily investment featuring a total of 13 units spread across two structures. The primary two story building includes 11 units, along with a separate detached structure housing 2 additional units. The current unit configuration includes six 2 bedroom/1 bath units and seven 1 bedroom/1 bath units. Buyer to independently verify the legal unit count, unit layout, bedroom/bathroom configuration, and unit numbering with Miami Dade County. The property is being conveyed as is, and the buyer will assume responsibility for any existing liens and code violations. The buildings are presently boarded, however a walk through video is available to review the interior condition. This asset presents a strong opportunity for investors interested in redevelopment, repositioning, or a long term hold. The property was vandalized, resulting in significant damage. All exterior doors need to be replaced, multiple windows are broken, and the units will need to be stripped down to the studs and completely rebuilt from scratch. The walls were broken through to steal electrical wiring and to get to the other units. Plumbing lines and fixtures were stolen, causing extensive system damage. A comprehensive renovation is required. The electrical system needs a complete overhaul, including replacement of panels and full rewiring. The plumbing system also requires full replacement due to the stolen and missing plumbing lines and fixtures. Mold is present throughout the property, worsened by broken walls that allow access between units. In addition, the roof is visibly sinking, as shown in the provided photographs. In summary, the entire unit requires a full renovation, including proper permitting and work performed by a licensed contractor.
Features
Building and Construction
Exterior Features: Balcony
Flooring: Tile
Roof: Other
Utilities
Cooling: Wall/Window Unit(s)
Heating: Separate Meters, Window/Wall
Utilities: Cable Not Available
Finance and Tax Information
Tax Year: 2024
Other Features
Legal Description: CORAL COURT PB 21-15 LOTS 8 & 9 INC BLK 1 LOT SIZE 13100 SQ FT OR 10315-445 0179 4
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