$820,000
$1,200,000
31.7%For more information regarding the value of a property, please contact us for a free consultation.
3,344 SqFt
SOLD DATE : 12/28/2023
Key Details
Sold Price $820,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,344 sqft
Price per Sqft $245
Subdivision North Diamond Park
MLS Listing ID A11469299
Sold Date 12/28/23
Style Fourplex
Construction Status Resale
HOA Y/N No
Year Built 1972
Annual Tax Amount $7,172
Tax Year 2023
Contingent Backup Contract/Call LA
Property Description
We're pleased to offer a great commercial real estate opportunity at 1302 NE 1 Ave. This well maintained four-plex is fully occupied with month-to-month tenants and provides a total of 3,344 SF divided into four 2 BD, 1 BA. The property, sitting on an 8,088 SF lot with an adjacent lot of the same size with a total of 16,176 SF Lot which offers room for expansion or development. The property is currently undergoing a routine 40-year recertification process for long-term compliance and stability. While it's a promising investment, some updates, particularly in the bathrooms and kitchens, could enhance its appeal and functionality. There's also potential for gradual rent increases. This is a unique opportunity to invest in commercial real estate in a prime location.
Location
State FL
County Miami-dade County
Community North Diamond Park
Area 79
Interior
Heating Electric
Cooling Electric
Flooring Ceramic Tile
Exterior
Pool None
Utilities Available Cable Not Available
Roof Type Concrete
Total Parking Spaces 8
Building
Story 2
Sewer Other
Architectural Style Fourplex
Level or Stories Two
Structure Type Block
Construction Status Resale
Others
Tax ID 10-79-07-034-0180
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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Bought with Synergy Realty Advisors
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