NOT LISTED FOR SALE
-- Bed
-- Bath
2,778 Sq Ft
1981 Built

Last Sold December 23, 2020

Last sale price $785,000 $283 Per Sq Ft

169 Days on Market

Highlights

  • No HOA
  • Ceramic Tile Flooring
  • Central Heating and Cooling System
  • Balcony

About This Home

As of December 2020

Amazing investment opportunity, four-plex located centrally near downtown Miami and Brickell area. All units are updated and remodeled, new flooring, freshly painted, new ACs, turn key building with annual leases in place. Begin making money from the moment you purchase. Annual Gross income $71,400.00, annual expenses $13,596.60, and annual net income $60,803.40. Priced at $865,000 with an annual return of 7%.

Last Agent to Sell the Property

Gabriela Rodino

Gabriela Rodino Group LLC License #3375414 Listed on: 07/02/2020

Last Buyer's Agent

Jackie Mejia

Real Estate TeamMates License #3423482

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,674

Year Built

  • Built in 1981

Parking

  • 4 Parking Spaces

Home Design

  • Triplex
  • Substantially Remodeled
  • Shingle Roof

Interior Spaces

  • 2,778 Sq Ft Home
  • 2-Story Property
  • Ceramic Tile Flooring

Additional Features

  • Balcony
  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $71,400
  • Rent includes gardener
  • Assessor Parcel Number 01-41-02-006-2480

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Lawrence Estates Land Cos Condos
  • Lawrence Estates Land Cos Subdivision

Building Details

  • Operating Expense $60,803
  • Net Operating Income $13,597

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,674

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1981
  • Property Sub Type: Triplex
  • Directions: Please use GPS
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Triplex
  • Subdivision Name: LAWRENCE ESTATES LAND COS
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Flooring: Ceramic Floor
  • Living Area: 2778
  • Possible Use: Unknown/Withheld
  • Stories: 2

Exterior Features

  • Roof: Shingle
  • Exterior Features: Balcony
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • Property Condition: Substantially Remodeled
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: LAWRENCE ESTATES LAND COS
  • Total Parking Spaces: 4

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: 01-41-02-006-2480
  • Zoning: 3901
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Gardener

Multi Family

  • Net Operating Income: 13597
  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Annual Operating Expense: 60803
  • Total Actual Rent: 71400

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 8674

Range of Values:

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List Price
Sold Price
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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 List to Sale Price per Sq Ft Prior Sale
12/23/2020 12/23/20 Sold $785,000 -1.8% $283 / Sq Ft
12/18/2020 12/18/20 Pending -- -- --
10/19/2020 10/19/20 Price Changed $799,000 -2.4% $288 / Sq Ft
10/08/2020 10/08/20 Price Changed $819,000 -2.4% $295 / Sq Ft
10/02/2020 10/02/20 Price Changed $839,000 -2.3% $302 / Sq Ft
08/19/2020 08/19/20 Price Changed $859,000 -0.7% $309 / Sq Ft
08/07/2020 08/07/20 Price Changed $865,000 -0.5% $311 / Sq Ft
07/30/2020 07/30/20 Price Changed $869,000 +0.5% $313 / Sq Ft
07/15/2020 07/15/20 Price Changed $865,000 -2.8% $311 / Sq Ft
07/02/2020 07/02/20 For Sale $890,000 +51.1% $320 / Sq Ft
11/21/2019 11/21/19 Sold $589,000 -21.5% $212 / Sq Ft View Prior Sale
10/24/2019 10/24/19 Pending -- -- --
10/03/2019 10/03/19 Price Changed $750,000 -1.3% $270 / Sq Ft
09/06/2019 09/06/19 Price Changed $759,900 -5.0% $274 / Sq Ft
06/25/2019 06/25/19 For Sale $799,900 -- $288 / 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: A10886345

MIAMI REALTORS® MLS