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Key Details
Sold Price $740,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,155 sqft
Price per Sqft $343
Subdivision Collingwood
MLS Listing ID A11188395
Style Fourplex
Year Built 1950
Annual Tax Amount $8,977
Tax Year 2021
Property Sub-Type Quadruplex
Property Description
The property is located at 3045 SW 1 ST Miami, FL 33125. The list price is $730,000. The building has 4-units, all 1Bed/1Bath. New roof in 2021, updated electrical and 40-Year certification completed in 2021. Each unit has wall-unit A/Cs. The building is fully occupied with long-term tenants and they are all Month-to-Month. The property is a cash cow with low expenses and maintenance, no need to hire a waste management company as it is picked up by the city. With some TLC this building can achieve just under $5,000/month in Potential Gross Income, based on market rents. This is a great opportunity for a first time buyer in the multifamily industry or even a veteran looking to expand his portfolio. This is a great investment property and can be used for short-term rental/AirBnB.
Location
State FL
County Miami-dade County
Community Collingwood
Area 41
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Terrazzo, Tile
Exterior
Pool None
Utilities Available Cable Available
Roof Type Composition
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
Structure Type Block
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Manny Do All, LLC