The Eleven 18 boasts true value-add opportunity to an investor. It's located in a Qualified Opportunity Zone and stands to gain value through renovations of the property. As the property currently sits, there are twenty (20) units, four (4) of which are in shell condition and ready to be renovated. The property has impact windows, a new roof completed on the main building, and interiors in the process of being updated. Eight (8) units share four (4) bathrooms through a common hallway within the main building. There are plans to convert two (2) studio units into a single one bedroom unit and give each remaining studio private bathrooms.
*There are currently open permits and violations in place as 4 units are in shell condition. Seller is a GC and can assist in navigating the process.*
Courtesy of: ONE Commercial LLC MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. Updated: 29th November, 2022 9:42 AM (UTC)