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Key Details
Sold Price $1,950,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,926 sqft
Price per Sqft $666
Subdivision Ocean Beach Addn No 3
MLS Listing ID A11399176
Sold Date 06/06/24
Style Fourplex
Construction Status Resale
HOA Y/N No
Year Built 1938
Annual Tax Amount $19,323
Tax Year 2022
Contingent No Contingencies
Property Description
PRICED TO SELL! Development Opportunity in prime Miami Beach location! Add 6 units to existing 2-story multi family 4-unit apartment building! Plans approved by the City of Miami Beach HPB. 7,500 SF of Miami Beach land. Easy access from back alley/street for construction purposes. Plans are available upon request with POF. Walking distance to Beaches, shopping and Restaurants in prime Miami Beach location / S of 5ht Street area/ SOFI neighborhood. Building is Fully occupied but rent has never been increased for several years. Priced based upon Redevelopment Potential and not in-place income or price per SF of existing structure.
Location
State FL
County Miami-dade County
Community Ocean Beach Addn No 3
Area 42
Direction 1 Block East of Alton, btwn 5th and 7th Lenox. Around the corner from the new Baptist Health.
Interior
Heating Wall Furnace
Cooling Electric, Wall/Window Unit(s)
Flooring Other
Exterior
Pool None
Utilities Available Cable Available
Waterfront No
Roof Type Shingle
Building
Lot Description < 1/4 Acre
Story 2
Sewer Public Sewer
Architectural Style Fourplex
Level or Stories Two
Structure Type Block
Construction Status Resale
Others
Tax ID 02-42-03-009-7760
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Listed As-Is
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Bought with Douglas Elliman
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