$4,250,000
$4,500,000
5.6%For more information regarding the value of a property, please contact us for a free consultation.
15,815 SqFt
SOLD DATE : 05/31/2022
Key Details
Sold Price $4,250,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 15,815 sqft
Price per Sqft $268
MLS Listing ID A11141760
Sold Date 05/31/22
HOA Y/N No
Year Built 1956
Annual Tax Amount $37,533
Contingent No Contingencies
Lot Size 0.319 Acres
Property Sub-Type Multi Family
Property Description
Rare Opportunity to secure a two-folio multi-family assembly in one of the most desirable area of Miami Beach(02-3210-013-0810 & 02-3210-013-0830) The offering includes 18 Units. Six 2 Bedroom / 2 Baths (RARE) and Twelve 1 Bedroom / 1 Bath. All units are HUGE mid-century floor plans with plenty of closets. Several with hardwood floors and original design features. Rents are below market and offer an investor revenue growth opportunity given units sizes and location. The lots are also ideal for development of approximately 20 townhouses (subject to Miami Beach zoning guidelines). Market demand in each approach will provide the Buyer a fantastic capital and income growth. The property is walking distance from Normandy Circle, the North Beach Business District, and the beaches.
Location
State FL
County Miami-dade County
Area 32
Direction Steps from the King Cole, the location on Bay Drive neighborhood, featuring cul-de-sacs that provide low traffic and a private community feel. The property is walking distance from Normandy Circle, the North Beach Business District and the beaches.
Exterior
Private Pool Yes
Building
Story 2
Level or Stories Two
Others
Tax ID 02-32-10-013-0810
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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