$1,010,000
$1,199,999
15.8%For more information regarding the value of a property, please contact us for a free consultation.
2,232 SqFt
SOLD DATE : 10/11/2024
Key Details
Sold Price $1,010,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,232 sqft
Price per Sqft $452
Subdivision Northern Blvd Tract
MLS Listing ID A11571814
Sold Date 10/11/24
Style Fourplex
Construction Status Effective Year Built
HOA Y/N No
Year Built 1955
Annual Tax Amount $11,550
Tax Year 2024
Contingent No Contingencies
Property Description
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!
Location
State FL
County Miami-dade
Community Northern Blvd Tract
Area 31
Interior
Heating Wall Furnace
Cooling Attic Fan, Wall/Window Unit(s)
Flooring Terrazzo, Vinyl
Exterior
Pool None
Utilities Available Cable Not Available
Roof Type Shingle
Total Parking Spaces 6
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
Architectural Style Fourplex
Level or Stories One
Structure Type Block
Construction Status Effective Year Built
Others
Tax ID 01-31-25-024-2510
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Seller Financing
Special Listing Condition Listed As-Is
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Bought with Fausto Commercial Realty Consultants Inc
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