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Key Details
Sold Price $910,000
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,307 sqft
Price per Sqft $394
MLS Listing ID A11242668
Year Built 1930
Annual Tax Amount $6,186
Lot Size 5,600 Sqft
Property Sub-Type Multi Family
Property Description
13% CAP RATE WITH AIRBNB OR 7% WITH CURRENT ANNUAL LEASES! Buyer can be cash or financing ONLY!! Completely occupied. Renovated including brand new roof on both buildings! Property has 2 buildings; main building is 2/2 plus den/office on upper floor($2700), and 2 units 1/1 ground level($1400). The second building is a large 1/1 ($1600). Completely fenced lot has 5 private parking spaces inside plus plenty of street parking. 3 electrical meters & 1 for water. All tenants are mo to mo, rents are below market rent. CHECK COMPS, NO better deal under $1M anywhere in this area. Check attached docs for rent pro-formas & survey. Over $7100 a month of income!
Location
State FL
County Miami-dade County
Area 41
Interior
Heating Central
Cooling Central Air, Wall/Window Unit(s)
Exterior
Roof Type Shingle
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Block
Others
Acceptable Financing Cash, Conventional, Owner May Carry
Listing Terms Cash, Conventional, Owner May Carry
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Bought with Douglas Elliman