$2,700,000
$2,700,000
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4,726 SqFt
SOLD DATE : 04/07/2023
Key Details
Sold Price $2,700,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,726 sqft
Price per Sqft $571
Subdivision Ocean Beach Addn No 3
MLS Listing ID A11288998
Sold Date 04/07/23
Style Fourplex
Construction Status Resale
HOA Y/N Yes
Year Built 1930
Annual Tax Amount $21,476
Tax Year 2021
Contingent 3rd Party Approval
Property Description
$2M SELLER FINANCING 3% INTEREST ONLY FOR 5 YEARS! RARE opportunity to own an Old World Mediterranean Masterpiece. They don't build them like this anymore! Mid-Century European meets Art Deco in this completely gated & restored 4 units, 2 buildings, a large (7000 SFT) lot, the most beautiful tree lined street! Renovations include new AC, modern kitchens & baths, hardwood floors and impact windows. EVERYTHING is done, you won't need to spend a dime for a long time. 40 year done in 2020. All tenants on annual leases generating a 6%+ CAP RATE. New rents in the area justify a 6% increase which pushes that over 7%. 6 blocks from Lincoln, Ocean & S. of Fifth. 4 secured parking spots. Laundry in every unit! BUYER MUST SIGN PERSONAL GUARANTY FOR FINANCING..
Location
State FL
County Miami-dade County
Community Ocean Beach Addn No 3
Area 42
Interior
Heating Electric
Cooling Central Air
Flooring Tile, Wood
Window Features Blinds,Impact Glass
Exterior
Exterior Feature Porch, Patio
Pool None
Utilities Available Cable Available
Roof Type Barrel,Other
Porch Open, Patio, Porch
Total Parking Spaces 4
Building
Lot Description < 1/4 Acre
Story 2
Sewer Public Sewer
Water Public
Architectural Style Fourplex
Level or Stories Two
Structure Type Block
Construction Status Resale
Others
Tax ID 02-42-03-009-3690
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Seller Financing
Special Listing Condition Listed As-Is
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