$1,200,000
$1,550,000
22.6%For more information regarding the value of a property, please contact us for a free consultation.
6,711 SqFt
SOLD DATE : 06/02/2025
Key Details
Sold Price $1,200,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,711 sqft
Price per Sqft $178
MLS Listing ID A11724081
Sold Date 06/02/25
HOA Y/N No
Year Built 1974
Annual Tax Amount $23,157
Contingent No Contingencies
Lot Size 7,500 Sqft
Property Sub-Type Multi Family
Property Description
Multifamily apartment building for sale. This 6-unit apartment building is fully rented and making net income--please see the attached pro-forma statement for details. Most tenants have been residing in the building for years. Finding new tenants is surprisingly easy, just put a "for rent" sign in the fence and get about 30 phone calls in one weekend. This property has potential for redevelopment as evidenced by the two new buildings built in front.
The roof and all the electrical equipment were completely replaced last year as per current coding. Minor structural repairs will be finished in some weeks. 50-year recertification is almost complete, and owner guarantees that all requirements will be completed by the closing date.
Location
State FL
County Miami-dade
Area 41
Direction Use Google Maps
Interior
Cooling Wall/Window Unit(s)
Exterior
Total Parking Spaces 9
Private Pool Yes
Building
Story 3
Sewer Public Sewer
Water Public
Structure Type Block
Others
Tax ID 01-41-38-003-3650
Security Features Fenced,Other,Smoke Detector(s)
Acceptable Financing Cash, Conventional, Owner May Carry Second
Listing Terms Cash, Conventional, Owner May Carry Second
Financing Conventional
Special Listing Condition Corporate Listing
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Bought with Coldwell Banker Realty
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