$1,575,000 Price Analysis    ♡   Miami, FL 33136 Unknown bed 0 bath 3,528 SqFt ($446/SqFt) Built 1954 Listed 2023-10-13, Taxes $5,578 | Ⓧ USDA Ineligible due to price & location near Miami |
THIS IS A 8 UNIT a prime opportunity: 8 one-bedroom
* Has Contingent Offer *One-bath apartments in Overtown. Units boast a strategic location and robust income potential. Maintained as-is or developed further, they are conveniently situated next to a substantial new construction project. A recent 40 yr inspction passed (report attached) Prospective buyers could potentially assume the existing loan or a purchase money mortgage.
Wi th rents currently below market rates (allowing room for increased capitalization), these apartments are strong income generators. Refer to the attached rent roll (excluding one recently leased at $1350) Each unit features separate water and electric meters, as well as wall-mounted AC units, ensuring tenant independence. Pristine roof (2022), meters and electrical serv (2023) add to value.
Presented by Humberto Bert Rego at
New World Realty Group Inc.
Property MLS #A11469018 from MiamiMLS
Heating Features: WallFurnace
Heating: Yes
Calculated Total Monthly Association Fees: 0
Source Listing Status: ActiveUnderContract
County: Miami-Dade County
Tax Year: 2022
Source Property Type: ResidentialIncome
Source Neighborhood: ERICKSONS SUB
Parcel Number: 01-31-36-021-1710
Postal City: Miami
Postal Code Plus 4: 1856
Subdivision: ERICKSONS SUB
Zoning Description: 6107
Property Subtype: Quadruplex
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $165,581 + $105,000 $270,581 | $5,578 |
| 2021 | $146,066 + $105,000 $251,066 | $5,334 |
| 2020 | $146,088 + $105,000 $251,088 | $5,347 |
| 2019 | $139,598 + $89,250 $228,848 | $4,885 |
| 2018 | $139,620 + $78,750 $218,370 | $4,573 |
| 2017 | $139,641 + $78,750 $218,391 | $4,489 |
| 2016 | $unknown + $unknown $189,753 | $4,303 |
| 2015 | $unknown + $unknown $172,503 | $4,033 |
| 2014 | $unknown + $unknown $156,821 | $3,561 |
| 2013 | $unknown + $unknown $142,565 | $3,639 |
| 2012 | $unknown + $unknown $203,842 | $3,521 |
| 2011 | $unknown + $unknown $117,823 | $2,680 |
| 2010 | $unknown + $unknown $169,864 | $4,112 |
| 2009 | $unknown + $unknown $217,636 | $5,003 |
| 2008 | $unknown + $unknown $259,596 | $5,876 |
| 2007 | $unknown + $unknown $301,539 | $6,680 |
$1,550
MiamiMLS
Price Changed for rent 2024-04-24
$1,550
MiamiMLS
Listed for rent 2024-03-18
$1,600
MiamiMLS
Price Changed 2024-01-24
$1,575,000
MiamiMLS
Listed 2023-10-13
$1,600,000
MiamiMLS
Listing removed 2023-10-12
$1,450
MiamiMLS
Listed for rent 2023-09-19
$1,450
MiamiMLS
Listing removed 2023-01-30
$1,050
MiamiMLS
Listed for rent 2023-01-27
$1,050
MiamiMLS
Sold 2008-01-07
$290,000
Public Record
Sold 2005-06-02
$380,000
Public Record
Sold 2004-09-16
$165,000
Public Record
Sold 1979-09-01
$22,000
Public Record
Year Built: 1954
Building Area Total: 3528
Construction Materials: Block
Levels: Two
Property Age: 70
Roof: BuiltUp
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.