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Key Details
Sold Price $1,200,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,407 sqft
Price per Sqft $352
Subdivision Biscayne Beach Sub
MLS Listing ID A11159453
Sold Date 03/29/22
Style Fourplex
Construction Status Resale
HOA Y/N Yes
Year Built 1949
Annual Tax Amount $10,944
Tax Year 2021
Contingent No Contingencies
Property Description
SOUGHT AFTER LOCATION BLOCKS AWAY FROM THE BEACH. This multi-family is the perfect investment to capitalize on the booming tourism sector & economic improvement in this neighborhood. Potential buyers will have the chance to continue operating the building as apartment rentals with room to increase rent up to $8,000/m with light touch interior TLC. Turn-key investment opportunity to own a cash-flowing property in Miami Beach. This 1-story consists of 5 units featuring a mix of four 1-bed/1-bath and one 2-beds/1-bath. 2 out of the 5 units are remodeled with new floors, kitchen, W/D inside the units. The roof has been completely changed with clay tiles, 40-year certificate and CU up to date, fresh exterior paint, new landscaping, and much more!. Pro forma rental can be provided upon request.
Location
State FL
County Miami-dade County
Community Biscayne Beach Sub
Area 32
Interior
Heating Central
Cooling Central Air
Flooring Concrete, Other, Tile
Exterior
Pool None
Utilities Available Cable Available
Waterfront No
Roof Type Concrete
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
Architectural Style Fourplex
Level or Stories One
Structure Type Block
Construction Status Resale
Others
Tax ID 02-32-02-008-1690
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
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Bought with Coldwell Banker Realty
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