NOT LISTED FOR SALE
6 Beds
6 Baths
5,240 Sq Ft
1962 Built

Last Sold March 24, 2023

Last sale price $1,600,000 $305 Per Sq Ft

265 Days on Market

Highlights

  • Newly Remodeled
  • Concrete Block With Brick
  • Outdoor Grill
  • No HOA
  • Tile Flooring
  • Central Heating and Cooling System

About This Home

As of March 2023

Fully rented 6 Units multiplex in a Great Location.
East of Biscayne, one block from the bay.
The property has 4 x 1bed and 2x 2beds.
Current Gross rental Income is $140,400 per year with room to increase.

Turn this into Airbnb building or keep it as Rental income.
Each unit has central AC, Washer drier and parking.
3 water meters, 7 Fpl meters

Property can generate over $155K annual gross income.
Current rent roll attached in MLS

Last Agent to Sell the Property

Thomas Bichi

Keller Williams Capital Realty License #3261222 Listed on: 07/01/2022

Keller Williams Capital Realty

Last Buyer's Agent

Patricia Agudelo

Compass Florida, LLC License #3266560

Compass Florida, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,000

Year Built

  • Built in 1962 | Newly Remodeled

Parking

  • 8 Parking Spaces

Home Design

  • Quadruplex
  • Substantially Remodeled
  • Concrete Block With Brick
  • Concrete Block And Stucco Construction

Interior Spaces

  • 5,240 Sq Ft Home
  • 2-Story Property

Flooring

  • Parquet
  • Tile
  • Terrazzo

Additional Features

  • Outdoor Grill
  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $140,400
  • Rent includes cable TV, hot water
  • Assessor Parcel Number 01-32-07-016-2821

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Shore Crest Condos
  • Shore Crest Subdivision

Building Details

  • Operating Expense $46,000
  • Net Operating Income $96,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,000

Year Built

Built in 1962 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1962
  • Property Sub Type: Quadruplex
  • Architectural Style: Attached
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: Shore Crest
  • Year Built Details: New Construction
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Interior Amenities: Stairs
  • Flooring: Parquet, Terrazzo, Tile
  • Living Area: 5240
  • Possible Use: Investment
  • Stories: 2

Exterior Features

  • Roof: Other
  • Exterior Features: Barbeque
  • Construction Type: Concrete Block With Brick, CBS Construction
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • Property Condition: New Construction, Substantially Remodeled
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: Shore Crest
  • Total Parking Spaces: 8

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 01-32-07-016-2821
  • Zoning: 4600
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Cable TV, Hot Water

Multi Family

  • Net Operating Income: 96000
  • Number Of Units In Community: 4
  • Number Of Units Total: 6
  • Annual Operating Expense: 46000
  • Total Actual Rent: 140400

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 13000

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2023 03/24/23 Sold $1,600,000 -3.0% $305 / Sq Ft
02/16/2023 02/16/23 Price Changed $1,650,000 -8.3% $315 / Sq Ft
01/30/2023 01/30/23 For Sale $1,800,000 +12.5% $344 / Sq Ft
01/16/2023 01/16/23 Off Market $1,600,000 -- --
01/15/2023 01/15/23 For Sale $1,800,000 +12.5% $344 / Sq Ft
12/15/2022 12/15/22 Off Market $1,600,000 -- --
12/15/2022 12/15/22 For Sale $1,800,000 +12.5% $344 / Sq Ft
11/15/2022 11/15/22 Off Market $1,600,000 -- --
11/15/2022 11/15/22 For Sale $1,800,000 +12.5% $344 / Sq Ft
10/31/2022 10/31/22 Off Market $1,600,000 -- --
07/01/2022 07/01/22 For Sale $1,800,000 +47.3% $344 / Sq Ft
05/12/2015 05/12/15 Sold $1,222,000 -5.6% $291 / Sq Ft
04/17/2015 04/17/15 Pending -- -- --
04/08/2015 04/08/15 For Sale $1,295,000 -- $308 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11231562

MIAMI REALTORS® MLS