$1,010,000
SOLD OCT 11, 2024
-- Bed
-- Bath
2,232 Sq Ft
1955 Built

Recently Sold

$453 Per Sq Ft

16% Below List Price

140 Days on Market

Highlights

  • No HOA
  • Terrazzo Flooring
  • Heating System Mounted To A Wall or Window
  • Cooling System Mounted To A Wall/Window
  • Attic Fan
  • 1-Story Property

About This Home

As of October 2024

Welcome to an exceptional opportunity in Allapattah's WoW district! This 6-unit property on 7,200 sq ft of D2 industrial-zoned land is primed for lucrative returns. Property consist of 5 Studio hotel room style uits and one 1 bed 1 bath apartment. Four of the six units have been remodeled. With partial updates and below-market rents, there's ample room to increase income as the neighborhood continues to flourish. As new businesses and attractions emerge such as Morgans' and Paradise, rental demand will soar, offering a steady income stream. Plus, the flexible zoning allows for diverse commercial ventures in the future, ensuring multiple income avenues. Don't miss out on this chance to capitalize on Allapattah's promising growth!

Last Agent to Sell the Property

Miguel Fuentes

Fausto Commercial Realty Consultants Inc License #3403804

Co-Listed By

Mauricio Villasuso

Fausto Commercial Realty Consultants Inc License #3254982

Last Buyer's Agent

Mauricio Villasuso

Fausto Commercial Realty Consultants Inc License #3254982

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,550

Year Built

  • Built in 1955

Parking

  • 6 Parking Spaces

Home Design

  • Quadruplex
  • Shingle Roof

Interior Spaces

  • 2,232 Sq Ft Home
  • 1-Story Property
  • Attic Fan

Flooring

  • Terrazzo
  • Vinyl

Utilities

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

Community Details

  • No Home Owners Association
  • 4 Units
  • Northern Blvd Tract Condos
  • Northern Blvd Tract Subdivision

Listing and Financial Details

  • Total Actual Rent $77,400
  • Rent includes trash collection
  • Assessor Parcel Number 01-31-25-024-2510

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,550

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1955
  • Property Sub Type: Quadruplex
  • Architectural Style: Attached
  • Co List Office Mls Id: FAUS01
  • Co List Office Phone: 305-431-2258
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: NORTHERN BLVD TRACT
  • Year Built Details: Effective Year Built
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Terrazzo, Vinyl
  • Living Area: 2232
  • Possible Use: Investment
  • Stories: 1

Exterior Features

  • Roof: Shingle
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: NORTHERN BLVD TRACT
  • Total Parking Spaces: 6

Utilities

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

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 01-31-25-024-2510
  • Zoning: 7700
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Trash Collection

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 11550

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 6
  • Total Actual Rent: 77400

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
10/11/2024 10/11/24 Sold $1,010,000 -15.8% $453 / Sq Ft
09/06/2024 09/06/24 Pending -- -- --
04/18/2024 04/18/24 For Sale $1,199,999 -- $538 / Sq Ft
Source: MIAMI REALTORS® MLS

Source: MIAMI REALTORS® MLS

MLS Number: A11571814

MIAMI REALTORS® MLS