$890,000
SOLD JUN 30, 2021
-- Bed
-- Bath
3,005 Sq Ft
1947 Built

Recently Sold

$296 Per Sq Ft

8% Below List Price

30 Days on Market

Highlights

  • Wood Flooring
  • Patio
  • Central Heating and Cooling System
  • No HOA

About This Home

As of May 2023

Attention Investors! Great opportunity to own a Fourplex in Miami Beach area near parks, restaurants, Beaches, and more. Each 2 bed/1 bath unit has wood floors throughout and central a/c with individual electrical meters. Building is freshly painted and well maintained with nice landscaping all around. The property is adjacent to the Normandy Isle Park and Pool and in walking distance to the Normandy Shores Golf Club. Building is fully rented and there is opportunity for income growth. Do not disturb tenants. Proof of funds before showings with 48 hours advance notice.

Last Agent to Sell the Property

Dora Tano

BrokerNation Real Estate License #3103527 Listed on: 04/27/2021

BrokerNation Real Estate

Last Buyer's Agent

Maximiliano Moeykens

Miami Beach Real Estate Group License #3460535

Miami Beach Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,253

Year Built

  • Built in 1947

Home Design

  • Quadruplex
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,005 Sq Ft Home
  • 2-Story Property
  • Wood Flooring

Additional Features

  • Patio
  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $69,600
  • Rent includes gardener, pest control, sewer, trash collection, water
  • Assessor Parcel Number 02-32-10-017-0060

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Isle Of Normandy Miami Vi Condos
  • Isle Of Normandy Miami Vi Subdivision

Building Details

  • Operating Expense $29,052
  • Net Operating Income $37,560

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,253

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1947
  • Property Sub Type: Quadruplex
  • Architectural Style: Other
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: ISLE OF NORMANDY MIAMI VI
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Spa Yn: No
  • Flooring: Wood
  • Living Area: 3005
  • Possible Use: Investment
  • Stories: 2

Exterior Features

  • Roof: Shingle
  • Construction Type: CBS Construction
  • Lot Features: Less Than 1/4 Acre Lot
  • Patio And Porch Features: Patio
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: ISLE OF NORMANDY MIAMI VI

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • 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: 02-32-10-017-0060
  • Zoning: 3900 Multi-Family
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Gardener, Pest Control, Sewer, Trash Collection, Water

Multi Family

  • Net Operating Income: 37560
  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Annual Operating Expense: 29052
  • Total Actual Rent: 69600

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 11253

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 Change Sq Ft Price
05/12/2023 05/12/23 Sold $1,500,000 0.0% $499 / Sq Ft
04/12/2023 04/12/23 For Sale $1,500,000 +68.5% $499 / Sq Ft
06/30/2021 06/30/21 Sold $890,000 -8.2% $296 / Sq Ft
04/26/2021 04/26/21 For Sale $970,000 +40.6% $323 / Sq Ft
10/12/2018 10/12/18 Sold $690,000 -4.2% $919 / Sq Ft
08/08/2018 08/08/18 Pending -- -- --
07/26/2018 07/26/18 For Sale $720,000 +12.5% $959 / Sq Ft
07/30/2014 07/30/14 Sold $640,000 -28.5% $213 / Sq Ft
05/23/2014 05/23/14 Pending -- -- --
05/20/2013 05/20/13 For Sale $895,000 -- $298 / 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: A11030586

MIAMI REALTORS® MLS