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$2,995,000
$2,995,000
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Address not disclosed South Miami, FL 33143
7,085 SqFt
Key Details
Sold Price $2,995,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 7,085 sqft
Price per Sqft $422
Subdivision Townsite Of Larkins
MLS Listing ID A11266264
Sold Date 10/11/22
Style Fourplex
Construction Status Resale
HOA Y/N Yes
Year Built 1950
Annual Tax Amount $31,686
Tax Year 2021
Contingent Pending Inspections
Property Description
Investor dream! Fully remodeled 15-unit multi-family apartment building located in South Miami!
Recent roof, 15 units 100% remodeled including plumbing, electrical panels/kitchens/appliances/AC, all impact windows and doors, electrical meter room 100% redone including all new wiring, coins Laundry with new washer and dryer, and much more, 40 certification granted in 2022!
Two 2 bed/1bath units, One 2/2 unit, two 1bed/1bath units and 10 studio units. all units occupied!
Individually metered and Income producing, current gross yearly rent rolls $242.000k$ actual cap rate 5.07%, net income $151,896 !
Pro forma rent rolls $289,000, pro format cap rate 6.07% pro format NOI $181,764!
No financing contingency.
Offering Memorandum on request.
Location
State FL
County Miami-dade County
Community Townsite Of Larkins
Area 40
Interior
Heating Other
Cooling Other
Flooring Wood
Exterior
Pool None
Utilities Available Cable Not Available
Roof Type Other
Building
Lot Description < 1/4 Acre
Story 2
Sewer Other
Architectural Style Fourplex
Level or Stories Two
Structure Type Block
Construction Status Resale
Others
Tax ID 09-40-25-028-0220
Acceptable Financing Cash
Listing Terms Cash
Financing Conventional
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Bought with Beachfront Realty Inc
