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Key Details
Sold Price $620,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 5,194 sqft
Price per Sqft $119
Subdivision Palm Ave Heights
MLS Listing ID A11103461
Sold Date 07/15/22
Style Fourplex
Construction Status Effective Year Built
HOA Y/N No
Year Built 1967
Annual Tax Amount $5,830
Tax Year 2020
Contingent Pending Inspections
Property Description
OPPORTUNITY ZONE. Must be purchased with MLS # A11103461, A11103982, A11103972, A11104020, package of 23 total rentable units. 1 - 3/2, 3 - 2/2, 18 - 2/1, 1 - office/warehouse. All right next to each other. Rents below current market values. All long term tenants. Most pay for their own water, electricity, garbage. Current cap rate at 7% with market rent adjustments cap rate can easily be over 9%. Asking price $160,000 a door. Proof of funds and/or pre-approval for details. PLEASE DO NOT DISTURB THE TENANTS, for any reason....
Accepting Back-up offers....
This is a 4-plex, on 2 lots. 1 unit - 3/2 private fenced in parking, 3 units - 2/2. Very big units, each one has a huge private fenced in yard and private parking in the front. Storage garage as well.
Location
State FL
County Miami-dade County
Community Palm Ave Heights
Area 78
Direction Please DO NOT DISTURB THE TENANTS.
Interior
Heating Central, Electric
Cooling Central Air, Electric
Flooring Ceramic Tile, Other, Tile
Exterior
Exterior Feature Fence, Lighting, Room For Pool
Pool None
Utilities Available Cable Available
Waterfront No
Roof Type Concrete
Total Parking Spaces 15
Building
Lot Description 1/4 to 1/2 Acre Lot
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Fourplex
Level or Stories One
Structure Type Block
Construction Status Effective Year Built
Others
Tax ID 16-78-25-005-0056
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Special Listing Condition Listed As-Is
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Bought with American Realty Capital Group, LLC.
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