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Key Details
Sold Price $560,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,619 sqft
Price per Sqft $345
Subdivision Westgate
MLS Listing ID A11604798
Sold Date 07/26/24
Construction Status Resale
HOA Y/N No
Year Built 1946
Annual Tax Amount $6,227
Tax Year 2023
Contingent Pending Inspections
Property Description
CASH COW in burgeoning NW Central Miami! This 1,799 SF multi-unit home on a well-situated 6,527 SF corner lot is in a fantastic up-and-coming location, north of Allapattah-Brownsville, near the Metro-Rail and west of the new Liberty Square 55-acre master-planned mixed-use neighborhood with residences, arts and culture, health centers, educational facilities and parks galore. The updated building is currently leased as a tri-plex with under market rents, generating a fantastic NOI of $50,000 per year (almost a 9-cap) with more upside! Two units have two bedrooms and one bathroom, and the third unit is an efficiency. The property is gated and fenced, with parking and a great yard. This is a great opportunity if you're looking to increase cashflow or make this your home with added income.
Location
State FL
County Miami-dade County
Community Westgate
Area 31
Interior
Heating None
Cooling Central Air
Flooring Ceramic Tile
Window Features Impact Glass
Exterior
Pool None
Utilities Available Cable Available
Roof Type Shingle
Total Parking Spaces 3
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
Level or Stories One
Structure Type Frame,Stucco
Construction Status Resale
Others
Tax ID 30-31-16-000-0200
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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Bought with DecoNova International Group