$1,400,000
$1,399,999
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3,988 SqFt
SOLD DATE : 07/03/2024
Key Details
Sold Price $1,400,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,988 sqft
Price per Sqft $351
Subdivision Idlewild Park
MLS Listing ID A11576545
Sold Date 07/03/24
Style Fourplex
Construction Status Resale
HOA Y/N No
Year Built 1930
Annual Tax Amount $8,059
Tax Year 2023
Contingent Pending Inspections
Property Description
Investors- Navigate to this cash flowing property in a historic area. The prime location is close to Calle Ocho and Brickell which has alot of new multi family development. The building is zoned mixed use and features 6x1/1 apartments and 1 convenience store. Gated access to top floor which features 4x1/1 apartments. 1 apartment in the front of the building and 1x1/1 at the rear. The store has a separate storage building with electric and privacy fence from the building common yard area. 40 year recertification is approved and recorded. No code violations and all units have separate meters. 1 water meter. 5x1/1 paying $1300 and 1x1/1 paying $1200. Convenience store paying $3000 and in process of negotiating higher. All units have leases. 7%+ cap rate. No seller financing. Contract to view.
Location
State FL
County Miami-dade County
Community Idlewild Park
Area 41
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Tile
Exterior
Pool None
Utilities Available Cable Available
Waterfront No
Roof Type Other
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 01-41-03-014-1660
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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