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Key Details
Sold Price $850,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Diplomat Golf & Racquet C
MLS Listing ID A11351230
Sold Date 05/01/23
Style Fourplex
Construction Status Resale
HOA Fees $350/mo
HOA Y/N Yes
Year Built 1961
Annual Tax Amount $2,214
Tax Year 2022
Contingent 3rd Party Approval
Property Description
Potential to have 15-20% ROI or more. Incredible cap rate for all types of investors. 5 units included in the price. Currently operating on airbnb bringing in $25,000 per year in gross income PER UNIT. 3 units active on airbnb and 2 units with long term tenants. Potential to assume the current management group so that nothing changes ! Value add opportunity as renovation could increase income. Monthly maintenance fee of $350 month and no other fees to be aware of. Electric and water included in maintenance fee. Each unit 320 sq.ft. Pets are allowed up to 100 pounds. 154 complex units. Great opportunity walking distance to the ocean in a rapidly growing area. Minutes from Sunny Isles Beach, Aventura Mall and Gulfstream Park/Shopping.
Location
State FL
County Broward County
Community Diplomat Golf & Racquet C
Area 3010
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Tile
Exterior
Pool In Ground, Pool
Utilities Available Cable Available
Waterfront No
Roof Type Other
Total Parking Spaces 5
Building
Lot Description 1-2 Acres
Story 2
Sewer Public Sewer
Architectural Style Fourplex
Level or Stories Two
Structure Type Block
Construction Status Resale
Others
Tax ID 514226HC0270
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
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Bought with Big International Realty, Inc.
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