$850,000
$900,000
5.6%For more information regarding the value of a property, please contact us for a free consultation.
650 SqFt
SOLD DATE : 11/12/2024
Key Details
Sold Price $850,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 650 sqft
Price per Sqft $1,307
Subdivision Biscayne Gdns Sec C
MLS Listing ID F10454232
Sold Date 11/12/24
Style Fourplex
Construction Status Resale
HOA Y/N No
Year Built 1967
Annual Tax Amount $17,384
Tax Year 2022
Property Description
This 4-plex is situated right off of the Golden Glades Interchange and is situated on a 12,000 sqft lot. The Golden Glades Corridor is under massive redevelopment and could be a great investment opportunity. This 4-plex is currently producing a 6% cap rate with the ability to increase the rent with a just little bit of value add. Could bring closer to a 7.5% cap rate. Don't miss out on this opportunity. Do Not Disturb Tenants
Location
State FL
County Miami-dade County
Zoning 1 /S FM
Interior
Heating Electric Heat, Window/Wall
Cooling Ceiling Fans, Wall/Window Unit Cooling
Flooring Ceramic Floor, Terrazzo Floors, Tile Floors
Exterior
Water Access N
Roof Type Comp Shingle Roof
Private Pool No
Building
Lot Description 1/4 To Less Than 1/2 Acre Lot
Story 1.0000
Foundation Concrete Block Construction
Sewer Septic Tank
Water Municipal Water
Construction Status Resale
Others
Pets Allowed No
Acceptable Financing Cash, Conventional, Owner Financing
Listing Terms Cash, Conventional, Owner Financing
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Bought with Tina Hyde Miami Realty LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "