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Key Details
Sold Price $700,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,940 sqft
Price per Sqft $360
Subdivision Allapattah Highlands Addn
MLS Listing ID A11144536
Sold Date 03/02/22
Style Fourplex
Construction Status Resale
HOA Y/N Yes
Year Built 1941
Annual Tax Amount $6,909
Tax Year 2021
Contingent Pending Inspections
Property Description
4 Unit Multifamily in the heart of Allapattah. All four units are 1 bedroom 1 bath units with two being significantly larger layouts. Brand new roof as been installed recently installed in 2020, tenants also pay individual electric and water as there are independent meters. T4-O zoning allows for licensure to operate AirBnB short-term rentals, and in the future option for commercial/retail development to be incorporated into the mix. Ideal investment for this dynamic submarket experiencing economic growth, sub 2% vacancies pushing rental rates higher. Given low interest rates, solid option for a beginner investor who might consider living on site. This is a COVID proof investment, take advantage of low interest rates today. Contact us immediately about this opportunity.
Location
State FL
County Miami-dade County
Community Allapattah Highlands Addn
Area 31
Interior
Heating Other
Cooling Wall/Window Unit(s)
Flooring Other
Exterior
Pool None
Utilities Available Cable Available
Waterfront No
Roof Type Other
Total Parking Spaces 4
Building
Lot Description < 1/4 Acre
Story 1
Sewer Other
Architectural Style Fourplex
Level or Stories One
Structure Type Block,Other
Construction Status Resale
Others
Tax ID 01-31-27-029-0100
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Financing Conventional
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Bought with Interealty Exchange Inc
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