$4,685,000
$4,700,000
0.3%For more information regarding the value of a property, please contact us for a free consultation.
7,868 SqFt
SOLD DATE : 08/01/2023
Key Details
Sold Price $4,685,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 7,868 sqft
Price per Sqft $595
Subdivision Ocean Beach Addn No 3
MLS Listing ID A11379562
Sold Date 08/01/23
Style Fourplex
Construction Status Resale
HOA Y/N No
Year Built 1951
Annual Tax Amount $31,002
Tax Year 2022
Property Description
9.6% CAP RATE WITH 70% SELLER FINANCING, 6% INTEREST ONLY FOR 5 YEARS! WITH OPTION FOR ANOTHER 5 YEARS! 10 UNITS (7 2BR & 3 1BR)= RARE opportunity to own a Luxury Completely Renovated Turn-Key Investors Dream Income Producing Goldmine! Mid-Century Modern meets Art Deco Masterpiece in this completely restored down to the studs 10 units, 2-story building, a large (7500 SFT) lot, the most quiet, peaceful & safe street in all of S. Beach! Renovations include new AC, HWH, plumbing, electrical panels, roof, modern kitchens with quartz counters, SS appliances, breakfast bar. Cool, hip and chic decor throughout incl hotel quality baths with celebrity lighting, engineered wood floors easy to clean and durable. Washer & dryer in all units. 4 PRIVATE PARKING SPOTS. BBQ patio to enjoy! 40-year done!
Location
State FL
County Miami-dade County
Community Ocean Beach Addn No 3
Area 42
Interior
Heating Central
Cooling Central Air
Flooring Marble, Tile
Exterior
Exterior Feature Balcony, Barbecue, Outdoor Grill
Pool None
Utilities Available Cable Available
Waterfront Description Bay Front
Roof Type Flat
Porch Balcony, Open
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 02-42-03-009-7640
Acceptable Financing Cash, Conventional, 1031 Exchange, Owner May Carry
Listing Terms Cash, Conventional, 1031 Exchange, Owner May Carry
Financing Seller Financing
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