$2,500,000
SOLD MAR 31, 2025
-- Bed
-- Bath
8,340 Sq Ft
1968 Built

Recently Sold

$300 Per Sq Ft

9% Below List Price

94 Days on Market

Highlights

  • No HOA
  • Cooling Available
  • Heating Available

About This Home

As of March 2025

This fully renovated 12-unit multifamily property is located in Miami's thriving Little River submarket and presents a prime investment opportunity. All units have undergone extensive upgrades, including a new roof,hurricane-impact windows, modern electrical systems, and a fully remodeled kitchen and bathroom making the property turnkey and minimizing maintenance costs. The property has ample parking available and the site plan has been approved for an eight-unit building.
The property generates a net operating income (NOI) of $198,000, and yields a robust capitalization rate of 7.19% at the asking price. Its strong financial performance and prime Little River location present an opportunity for investors seeking stable returns in a rapidly appreciating area.

Last Agent to Sell the Property

Jen Trana

Gridline Properties License #3210686

Last Buyer's Agent

Jen Trana

Gridline Properties License #3210686

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $32,172

Year Built

  • Built in 1968

Parking

  • 16 Parking Spaces

Home Design

  • Triplex

Interior Spaces

  • 8,340 Sq Ft Home
  • 2-Story Property

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • No Home Owners Association
  • 4 Units
  • Forest Park Condos
  • Forest Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01-31-13-025-0200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$32,172

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1968
  • Property Sub Type: Triplex
  • Architectural Style: Other
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Quadruplex, Triplex
  • Subdivision Name: FOREST PARK
  • Year Built Details: Unknown
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Flooring: Other
  • Living Area: 8340
  • Possible Use: Unknown/Withheld
  • Stories: 2

Exterior Features

  • Roof: Other
  • Construction Type: Other
  • Lot Features: 3/4 To Less Than 1 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: FOREST PARK
  • Total Parking Spaces: 16

Utilities

  • Sewer: Other
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 01-31-13-025-0200
  • Zoning: 6107
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 32172

Multi Family

  • Number Of Units In Community: 4

Map

Range of Values:

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Average Value
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List Price
Sold Price
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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
03/31/2025 03/31/25 Sold $2,500,000 -9.1% $300 / Sq Ft
12/27/2024 12/27/24 For Sale $2,750,000 0.0% $330 / Sq Ft
10/10/2014 10/10/14 Rented $750 +7.1% --
10/10/2014 10/10/14 For Rent $700 -- --
Source: MIAMI REALTORS® MLS

Source: MIAMI REALTORS® MLS

MLS Number: A11714783

MIAMI REALTORS® MLS