$1,220,000
$1,400,000
12.9%For more information regarding the value of a property, please contact us for a free consultation.
2,643 SqFt
SOLD DATE : 07/28/2023
Key Details
Sold Price $1,220,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,643 sqft
Price per Sqft $461
Subdivision North Gate
MLS Listing ID A11322742
Sold Date 07/28/23
Style Fourplex
Construction Status Resale
HOA Y/N No
Year Built 1950
Annual Tax Amount $11,443
Tax Year 2022
Contingent No Contingencies
Property Description
Location, Location, Location! Rare Mimo/Art Deco style 4 Plex w/ pool on a double lot zoned T4-R (Multifamily 2-9 Units) located between the long awaited Magic City Innovation District and Biscayne Blvd. Keep existing 4 Plex, create Bed and Breakfast or REDEVELOP up to 3 stories and 9 units. The current NOI is substantially under market. An adjusted NOI will bring roughly $76k+ yr. 2 short blocks to Starbucks, Panther Coffee, Europa Café, good restaurants and 3 short blocks to legion park where they have the farmers market every Saturday. Call with any questions.
Location
State FL
County Miami-dade County
Community North Gate
Area 32
Interior
Heating Central, Electric
Cooling Central Air, Ceiling Fan(s), Electric
Flooring Carpet, Tile
Window Features Blinds
Exterior
Exterior Feature Fence, Lighting, Porch, Shed
Pool Fenced, In Ground, Other, Pool
Utilities Available Cable Available
Waterfront No
Roof Type Shingle
Porch Open, Porch
Total Parking Spaces 4
Building
Lot Description Corner Lot, Oversized Lot, 1/4 to 1/2 Acre Lot
Story 1
Sewer Public Sewer
Water Public
Architectural Style Fourplex
Level or Stories One
Structure Type Block
Construction Status Resale
Others
Tax ID 01-32-18-024-0640
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Corporate Listing, Listed As-Is
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Bought with Atlas Investment R.E., Inc.
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