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Key Details
Sold Price $735,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,116 sqft
Price per Sqft $235
Subdivision Brickell Riverview
MLS Listing ID A11218090
Sold Date 08/11/22
Style Fourplex
Construction Status Under Construction
HOA Y/N No
Year Built 1925
Annual Tax Amount $7,444
Tax Year 2021
Contingent No Contingencies
Property Description
Fausto Commercial is proud to present an opportunity to buy this Value Add property. Master Plans to remodel complete the building are in process of final revisions for approval, all the long and expensive process of getting plans approved in the City of Miami is already taken care of.
This building has 2 stories and Four total Units, Each layout 3 bedrooms 1 bath Allowing you to collect more per unit. The two units downstairs are down to the studs to begin work, saving you money on Demo. The Upstairs Units are collecting $3,600 per month, allowing you to collect cash flow while you complete the project.
Zoning Allows for Short term rental in this desirable area. What this means to you is that you can significantly increase the monthly cash flow of this building once complete.
Location
State FL
County Miami-dade County
Community Brickell Riverview
Area 41
Interior
Heating None
Cooling Ceiling Fan(s), Wall/Window Unit(s)
Flooring Vinyl
Exterior
Pool None
Utilities Available Cable Not Available
Waterfront No
Roof Type Concrete
Total Parking Spaces 4
Building
Lot Description < 1/4 Acre
Story 2
Sewer Public Sewer
Architectural Style Fourplex
Level or Stories Two
Structure Type Frame,Stucco
Construction Status Under Construction
Others
Tax ID 01-41-38-003-3370
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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Bought with Fausto Commercial Realty Consultants Inc
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