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Key Details
Sold Price $2,900,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 7,209 sqft
Price per Sqft $402
Subdivision Ocean Beach Addn No 3
MLS Listing ID A11184974
Sold Date 06/21/22
Style Fourplex
Construction Status Unknown
HOA Y/N No
Year Built 1954
Annual Tax Amount $39,002
Tax Year 2021
Contingent No Contingencies
Property Description
OPPORTUNITY IN SOUTH BEACH. EXCEPTIONAL PROPERTY IN SOUTH BEACH JUST BLOCKS FROM THE BEACH. FOURTEEN UNIT FULLY OCCUPIED MULTI-FAMILY APARTMENT BUILDING ON A 7,000 SF LOT ZONED RM-1. TWELVE STUDIOS LEASED AT AN AVERAGE OF $1,225 PER MONTH, AND TWO ONE-BEDROOM UNITS LEASED AT AN AVERAGE OF $1,605 PER MONTH. EACH UNIT HAS TWO ACCESS DOORS. ALL UNITS ARE FULLY EQUIPPED AND ARE INDIVIDUALLY METERED FOR ELECTRICITY KEEPING OPERATING EXPENSES VERY LOW. ALWAYS FULLY RENTED ON YEAR-LONG LEASES. THERE ARE HARDLY EVER VACANCIES IN THIS 2-STORY APARTMENT BUILDING. LONG TERM TENANTS. COIN OPERATED WASHER AND DRYER IN BUILDING. UNIQUE INVESTMENT OPPORTUNITY TO OWN A PROFITABLE BUILDING IN THE HEART OF SOUTH BEACH.
Location
State FL
County Miami-dade County
Community Ocean Beach Addn No 3
Area 42
Interior
Heating Electric
Cooling Electric
Flooring Ceramic Tile, Vinyl
Exterior
Pool None
Utilities Available Cable Available
Waterfront No
Roof Type Concrete
Building
Lot Description < 1/4 Acre
Story 2
Sewer Public Sewer
Architectural Style Fourplex
Level or Stories Two
Structure Type Block
Construction Status Unknown
Others
Tax ID 02-42-03-009-0850
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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Bought with Fortune Christie's International Real Estate
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