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Key Details
Sold Price $1,700,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,552 sqft
Price per Sqft $478
Subdivision Oceanside Sec Isle Of Nor
MLS Listing ID A11453884
Sold Date 04/25/24
Style Fourplex
Construction Status Resale
HOA Y/N No
Year Built 1936
Annual Tax Amount $15,654
Tax Year 2023
Contingent No Contingencies
Property Description
**BEST PRICE 6-PLEX PRICE $283k/DOOR ON NORMANDY ISLES- CALL FOR OFFERS DISCOUNTED AT 1.75M 6% CAP **Renovated 6-unit multifamily w/6 assigned parking spaces STEPS from units (HUGE RENTER DEMAND) + 20% upside in existing rents & massive value add: IN-PLACE NOI- $104,839; proforma GI is $240K
CAPEX- Seller expended over $150K in last years including recent upgrades- i.e. installing new plumbing/sewer line Jan-2024 w/50-year warranty, two new AC units, renovations, landscaping, irrigation system, etc. since listing. OWNER DELIVERING TURNKEY CONDITION WITH NO MAJOR CAPEX REQUIRED BY NEW BUYER (VS MOST AREA MULTIFAMILIES ON MARKET)
Location
State FL
County Miami-dade County
Community Oceanside Sec Isle Of Nor
Area 32
Direction Massive value add to unlock via multiple avenues: • Strategy 1: Add four (4) for units to existing footprint (total 10)- proforma $240K GI. ***Financing options available. Please contact OZMO, the financing broker on this property.
Interior
Heating Central
Cooling Central Air
Flooring Ceramic Tile
Exterior
Pool None
Utilities Available Cable Available
Waterfront No
Roof Type Barrel,Flat,Tile
Total Parking Spaces 6
Building
Lot Description < 1/4 Acre
Story 2
Sewer Public Sewer
Architectural Style Fourplex
Level or Stories Two
Structure Type Block
Construction Status Resale
Others
Tax ID 02-32-10-013-0670
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Cash
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