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Key Details
Sold Price $880,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,810 sqft
Price per Sqft $313
Subdivision Amd Pl Bay Ridge
MLS Listing ID A10998770
Sold Date 05/02/21
Style Fourplex
Construction Status Resale
HOA Y/N No
Year Built 1946
Annual Tax Amount $6,865
Tax Year 2020
Contingent No Contingencies
Property Description
6% cap as is 7% in 6 months. Incredible opportunity for investors. Can be transformed in AIRBNB. Close to Aventura, Wynwood and downtown Miami. 1 block from Biscayne, Aldi supermarket, new Dunkin Donuts, Citibank and Fontana Shops. Plenty of parking. This is a 7 units being used as a 5 units 2x 2bed/2bath + 3x 1/1. Building being renovated. Most of the work already done.Step in now and keep the upside. Enjoy a 7% cap while you wait for the appreciation. Huge 12,500 sqf corner lot that can be redeveloped to 14 units or used as an AIRBNB for short term rentals and bring a 20% return.
Actually:
Units 1 and 2 - 2Bed 2Baths rented at $1,650 Each
Units 3, 4, 5 - 1Bed/1Baths rented at $1,150 each
See Rent roll survey and floor plan in attachments
Location
State FL
County Miami-dade County
Community Amd Pl Bay Ridge
Area 22
Direction Biscayne Boulevard (US-1) to 109 St. and new Dunkin Donuts. Turn on 109 St. West one block The building is the NW corner (Large parking lot)
Interior
Heating None
Cooling Wall/Window Unit(s)
Flooring Ceramic Tile
Exterior
Pool None
Utilities Available Cable Available
Roof Type Flat
Total Parking Spaces 7
Building
Lot Description 1/4 to 1/2 Acre Lot
Story 1
Sewer Septic Tank
Water Public
Architectural Style Fourplex
Level or Stories One
Structure Type Block,Stucco
Construction Status Resale
Others
Tax ID 30-22-32-006-0680
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Listed As-Is
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Bought with DeMar Realty