$1,125,000
$1,200,000
6.3%For more information regarding the value of a property, please contact us for a free consultation.
3,351 SqFt
SOLD DATE : 08/18/2021
Key Details
Sold Price $1,125,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,351 sqft
Price per Sqft $335
Subdivision Lawrence Estate Land Co
MLS Listing ID A10924821
Sold Date 08/18/21
Style Fourplex
Construction Status New Construction
HOA Y/N No
Year Built 2020
Annual Tax Amount $17,076
Tax Year 2020
Contingent No Contingencies
Property Description
Eleventrust is proud to present its newest exclusive listing, Marlins Park 4- Plex– Little Havana.
This newly constructed building consists of four (4) two bedroom/two bathroom apartments, featuring hurricane impact windows and doors, central a/c, private balcony, tile floors and modern kitchens and bathrooms equipped with stainless steel appliances and granite countertops. The total rentable square footage is 3,351 (average unit size is 837 sq. ft.). The individual units are being leased at $1,600 a month in rent (or $1.91). Market rents in the area for this product type are at $1,650 a month (or $1.97 sq. ft.). The projected Net Operating Income once fully occupied (Sept. 2020) is $52,060 with a potential to grow to $54,412 in year 2 with a 4.53% capitalization rate. No Parking.
Location
State FL
County Miami-dade County
Community Lawrence Estate Land Co
Area 41
Interior
Heating Central
Cooling Central Air
Flooring Tile
Window Features Blinds,Impact Glass
Exterior
Exterior Feature Balcony
Pool None
Utilities Available Cable Not Available
Waterfront No
Roof Type Concrete
Building
Lot Description < 1/4 Acre
Story 2
Sewer Public Sewer
Water Public
Architectural Style Fourplex
Level or Stories Two
Structure Type Block
New Construction true
Construction Status New Construction
Others
Tax ID 01-41-02-005-7610
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Cash
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