$3,495,000
$1M PRICE DROP

Estimated payment $22,956/month

Total Views 2,525
-- Bed
-- Bath
8,052 Sq Ft
$434 Price per Sq Ft

Highlights

  • Clear Impact Glass
  • Ceiling Fan
  • 5-minute walk to Flamingo Park
  • Cooling System Mounted To A Wall/Window
  • Heating Available

About This Home

The Edroy Apartments consists of 8,052 rentable square feet built on a 7,000 square foot lot.
The property was constructed in 1938 and contains a total of 13 units, consisting of two 2 bedroom/2- bathroom units; three 2 bedroom/1-bathroom units; five 1 bedroom/1-bathroom units; and three large studio units.
The property is priced at $3,249,000, which breaks down to $249,923 per unit and $403 a square foot.
The building has been recently recertified and all units updated with brand new bathrooms and kitchens. The exterior features new impact windows, new awnings, plaster & paint, new gates.

Listing Agent

Ugo Cortesano

Corte Real Estate Group LLC License #3358320

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $41,384

Year Built

  • Built in 1938

Home Design

  • Duplex
  • Concrete Block And Stucco Construction

Interior Spaces

  • 8,052 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Clear Impact Glass

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available

Listing and Financial Details

  • Rent includes gas, hot water, gardener, sewer, trash collection, water
  • Assessor Parcel Number 02-42-03-009-0930

Community Details

Overview

  • Property has a Home Owners Association
  • 13 Units
  • Ocean Beach Addn No 3 Condos
  • Ocean Beach Addn No 3 Subdivision, Multifamily Floorplan

Building Details

  • Operating Expense $101,805
  • Net Operating Income $209,594

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$41,384

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1938
  • Property Sub Type: Duplex
  • Architectural Style: Other
  • Horses: No
  • Master Model: Multifamily
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Duplex
  • Subdivision Name: OCEAN BEACH ADDN NO 3
  • Year Built Details: Effective Year Built
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Interior Amenities: Stairs
  • Flooring: Other
  • Living Area: 8052
  • Stories: 2
  • Window Features: Clear Impact Glass, Impact Glass

Exterior Features

  • Roof: Other
  • Construction Type: CBS Construction
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: OCEAN BEACH ADDN NO 3

Utilities

  • Sewer: Public Sewer
  • Cooling: Ceiling Fan(s), Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association: Yes
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • MIAMIRE_TypeofAssociation: Other

Lot Info

  • Parcel Number: 02-42-03-009-0930
  • Zoning: 3900
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Gas, Hot Water, Gardener, Sewer, Trash Collection, Water

Multi Family

  • Net Operating Income: 209594
  • Number Of Units Total: 13
  • Annual Operating Expense: 101805
  • Total Actual Rent: 25450

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 41384

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2025 04/10/25 Price Changed $3,495,000 +3.6% $434 / Sq Ft
03/08/2025 03/08/25 Price Changed $3,375,000 +3.9% $419 / Sq Ft
02/17/2025 02/17/25 Price Changed $3,249,000 -27.8% $404 / Sq Ft
01/30/2025 01/30/25 For Sale $4,500,000 0.0% $559 / Sq Ft
01/15/2025 01/15/25 Off Market $4,500,000 -- --
10/27/2024 10/27/24 For Sale $4,500,000 0.0% $559 / Sq Ft
10/01/2024 10/01/24 Off Market $4,500,000 -- --
07/29/2024 07/29/24 For Sale $4,500,000 0.0% $559 / Sq Ft
05/22/2015 05/22/15 Rented $1,800 +5.9% --
04/22/2015 04/22/15 Under Contract -- -- --
04/14/2015 04/14/15 For Rent $1,700 -27.7% --
02/17/2015 02/17/15 Rented $2,350 +2.2% --
02/17/2015 02/17/15 For Rent $2,300 -- --
Source: MIAMI REALTORS® MLS

Source: MIAMI REALTORS® MLS

MLS Number: A11631806

MIAMI REALTORS® MLS