$2,225,000
$2,350,000
5.3%For more information regarding the value of a property, please contact us for a free consultation.
7,978 SqFt
SOLD DATE : 07/22/2024
Key Details
Sold Price $2,225,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,978 sqft
Price per Sqft $278
MLS Listing ID A11614258
Sold Date 07/22/24
Construction Status New Construction
HOA Y/N No
Year Built 1982
Annual Tax Amount $20,749
Lot Size 0.275 Acres
Property Description
Great Investment close to Biscayne Bay located in desirable Upper East Miami and next to North Bay Village, Shorecrest and Miami Shores. East of Biscayne Blvd, half a block to NE 79 St and steps from the Bay.
Well-maintained 6-unit property on large 12,000 SF. Unit breakdown: 6 3/2 units.
Solid income $164,400. NOI 118K. 5% Cap Rate. Upside in rents, T-5-R zoning allows building up to 5 stories.
Safe, convenient location and tenant-friendly property.
Location
State FL
County Miami-dade County
Area 32
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Block
Construction Status New Construction
Others
Tax ID 01-32-08-008-0610
Ownership Corporation
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Corporate Listing
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