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Key Details
Sold Price $2,350,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,836 sqft
Price per Sqft $612
MLS Listing ID A11167965
Sold Date 04/28/22
Construction Status New Construction
HOA Y/N No
Year Built 1935
Annual Tax Amount $27,691
Tax Year 2021
Contingent No Contingencies
Lot Size 10,667 Sqft
Property Description
Lenox Manor. Pro Forma: NOI $120k, Cap Rate 5.47%. RM-1 Zoning. Make a solid investment with this South Beach multifamily opportunity. An 8-Unit Mediterranean Villa architecture with manicured courtyard, extensive capital improvements completed, 40-Year recertification, updated windows & doors, and fully leased.
Rare find, get into the South Beach market! 1-Bed/1Bath units +/- 500 SF each. Walk up entrances, secure gated entry, and off-street /onsite parking for residents. Washer and Dryers in units, several newer central A/C systems already in place.
Showings Available: Wednesday, March 9th @ 2-3 pm & Thursday, March 10th @ 2-3 pm
DO NOT WALK THE PROPERTY. DO. NOT DISTURB THE TENANTS.
Managed by reLEASE Miami
Location
State FL
County Miami-dade County
Area 42
Direction Intersect of 8th St & Lenox Ave 2 Blocks south of Whole Foods market 2 Blocks from the state of the art 36-acre Flamingo Park including an 8-lane lap swimming pool plus a playground, dog park, baseball stadium & soccer field. 2 Blocks from Biscayne Bay
Interior
Cooling Central Air, Wall/Window Unit(s)
Flooring Tile
Exterior
Waterfront No
Parking Type Common, Free Parking
Total Parking Spaces 7
Building
Story 1
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Block
Construction Status New Construction
Others
HOA Name Release Miami
Tax ID 02-42-03-014-0350
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
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Bought with Compass Florida, LLC.
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