2358 18Th StMiami, FL 33145

This charming 1926 two-story multifamily property, located at 2358 SW 18th St, Miami, FL 33145, presents a unique investment opportunity. Priced at $999,999, this four-unit apartment building offers a blend of potential and immediate income. The building comprises four units: two 2-bedroom/1-bathroom units, one 3-bedroom/1-bathroom unit, and one 1-bedroom/1-bathroom unit. Two units feature central air conditioning, while the remaining two have wall units. Significant renovations are underway, with plans submitted to the City of Miami for improvements including the installation of impact windows and an upgraded parking lot accommodating eight vehicles. The roof has been recently replaced, with all necessary permits obtained. Interior work includes relocating two water heaters, requiring electrical and plumbing permits (as reflected in the submitted plans). An "unsafe" hold is currently in place pending completion of the renovations. Attractive seller financing is available, offering 50% down payment with an 8% interest rate over two years, and no prepayment penalty. The seller will cover the title policy and select the closing title company. This property offers a strong return on investment for a buyer willing to complete the final stages of the renovation project. The property is situated in Miami-Dade County and is conveniently located in Miami, Florida.