$1,399,999 Price Analysis    ♡   Miami, FL 33135 42 bed 42 bath 3,988 SqFt ($351/SqFt) Built 1930 Listed 2024-04-26 | Ⓧ USDA Ineligible due to price & location near Miami |
Investors- Navigate to this cash flowing property in a historic area.
* Has Contingent Offer *The prime location is close to Calle Ocho and Brickell which has alot of new multi family development. The building is zoned mixed use and features 6x1/1 apartments and 1 convenience store. Gated access to top floor which features 4x1/1 apartments. 1 apartment in the front of the building and 1x1/1 at the rear.
The store has a separate storage building with electric and privacy fence from the building common yard area. 40 year recertification is approved and recorded. No code violations and all units have separate meters. 1 water meter. 5x1/1 payng $1300 and 1x1/1 paying $1200. Convenience store paying $3000 and in process of negotiating higher. All units have leases. 7%+ cap rate. No seller financing. Contract to view.
Presented by Rogerlee Vidal at
Navigate Real Estate, Llc.
Property MLS #A11576545 from MiamiMLS
Full Bathrooms: 42
Heating Features: WallFurnace
Heating: Yes
Calculated Total Monthly Association Fees: 0
Source Listing Status: ActiveUnderContract
County: Miami-Dade County
Tax Year: 2023
Source Property Type: ResidentialIncome
Source Neighborhood: IDLEWILD PARK
Parcel Number: 01-41-03-014-1660
Postal City: Miami
Postal Code Plus 4: 1943
Subdivision: IDLEWILD PARK
Zoning Description: 3900
Property Subtype: Quadruplex
Source System Name: C2C
$1,399,999
MiamiMLS
Listing removed 2024-04-03
$0
MiamiMLS
Price Changed 2024-03-07
$1,435,000
MiamiMLS
Price Changed 2024-02-29
$1,469,999
MiamiMLS
Price Changed 2024-01-10
$1,475,000
MiamiMLS
Price Changed 2023-11-21
$1,499,999
MiamiMLS
Price Changed 2023-09-27
$1,550,000
MiamiMLS
Price Changed 2023-09-07
$1,650,000
MiamiMLS
Listed 2023-08-18
$1,765,000
MiamiMLS
Operating Expense: 27100
Year Built: 1930
Building Area Total: 3988
Construction Materials: Block
Levels: Two
Property Age: 94
Levels or Stories: 2
House Style: Fourplex
Year Built Details: Resale
Architectural Style: Fourplex
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.