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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
Waterfront No
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
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Jaky Quelle
Broker Associate | License ID: BK3283887
Broker Associate License ID: BK3283887