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• MLS® #: F10550848
• 1337 Nw 77th Street
• Miami, FL 33147
• $1,225,000
• 7,382 SqFt
• Residential Income

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.

Facts About Miami, FL

Each winter during Carnaval Miami, salsa tunes blare and the smell of spicy chorizo fills the air on Calle Ocho, the commercial thoroughfare and heart of Miami's Little Havana. The roaring street festival, which culminates in the world's longest conga line, is the last of 10 events comprising the Latin-spiked Carnaval.