NOT LISTED FOR SALE
-- Bed
9 Baths
6,864 Sq Ft
0.28 Acres

Last Sold June 01, 2021

Last sale price $1,030,000 $150 Per Sq Ft

106 Days on Market

Highlights

  • Green Roof
  • Balcony
  • Patio
  • No HOA
  • Porch
  • Tile Flooring

About This Home

As of June 2021

Huge Price Reduction! TURN KEY READY - 7Plex with secure neighborhood. Great Opportunity for Investors. Amazing gross return nearly 8%. Easy access to highways, FL turnpike, schools, Publix, restaurants, and shopping plazas, etc. 0-1% vacancy rate in past few years. New water heaters are replaced in 4 of the units. Unit 1: Remodeled with New kitchen, Granite counter top, new water heater, freshly painted. Unit 1,2,6: Freshly painted remodeled with new baseboards. Unit 3: updated AV with new Freon. Unit 2: New Booster & Coil. Unit 7: New Stairs. Extra layer of protective coating on Roof. 4 units are 1b/1b. 2 units are 2b/1b. 1 unit is 4b/3b. Annual Rent Income (2020): $172,426.69. Annual Expense (2020): $40813.74 + $42197.64 (renovation) = $83011.38. Excellent lifetime investment.

Last Agent to Sell the Property

Komal Acharya

Real Broker LLC License #3381991 Listed on: 11/26/2020

Real Broker LLC

Last Buyer's Agent

Jonathan Teboul

Management Miami License #3267821

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,861

Year Built

  • Built in 1979

Lot Details

  • 0.28

Parking

  • 20 Parking Spaces

Home Design

  • Quadruplex
  • Concrete Block And Stucco Construction

Interior Spaces

  • 6,864 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Drapes & Rods
  • Blinds

Flooring

  • Carpet
  • Tile

Eco-Friendly Details

  • Green Roof
  • Energy-Efficient Appliances
  • Energy-Efficient Windows
  • Energy-Efficient Construction
  • Energy-Efficient HVAC
  • Energy-Efficient Lighting
  • Energy-Efficient Doors
  • Energy Recovery Ventilator

Outdoor Features

  • Balcony
  • Patio
  • Exterior Lighting
  • Porch

Utilities

  • Zoned Heating and Cooling
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Total Actual Rent $172,427
  • Rent includes gardener, pest control, sewer, trash collection, water
  • Assessor Parcel Number 514126030720

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Miramar Sec 3 Condos
  • Miramar Sec 3,General Information Subdivision

Additional Features

  • Laundry Facilities
  • Operating Expense $40,814

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,861

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1979
  • Property Sub Type: Quadruplex
  • Architectural Style: Attached
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: MIRAMAR SEC 3,GENERAL INFORMATION
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Interior Amenities: Stairs
  • Spa Yn: No
  • Flooring: Carpet, Tile
  • Living Area: 6864
  • Possible Use: Investment
  • Stories: 2
  • Window Features: Blinds, Drapes

Exterior Features

  • Roof: Other
  • Exterior Features: Balcony, Fruit Trees, Exterior Lights, Open Balcony
  • Construction Type: CBS Construction, Stucco
  • Lot Features: Less Than 1/4 Acre Lot
  • Patio And Porch Features: Open Balcony, Open Porch, Patio
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: MIRAMAR SEC 3
  • Total Parking Spaces: 20

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Green Building Features: Laundry Facility
  • Cooling: Ceiling Fan(s), Zoned
  • Cooling Y N: Yes
  • Heating: Central, Window/Wall, Zoned
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 514126030720
  • Zoning: COMMERCIAL
  • ResoLotSizeUnits: SquareFeet

Green Features

  • Efficiency: Appliances, Construction, Doors, HVAC, Lighting, Roof, Ventilation, Water Heater, Windows

Rental Info

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

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 15861

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 7
  • Annual Operating Expense: 40814
  • Total Actual Rent: 172427

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
06/01/2021 06/01/21 Sold $1,030,000 -22.0% $150 / Sq Ft
03/12/2021 03/12/21 Pending -- -- --
02/05/2021 02/05/21 Price Changed $1,319,900 -3.6% $192 / Sq Ft
11/26/2020 11/26/20 For Sale $1,369,900 0.0% $200 / Sq Ft
02/11/2019 02/11/19 For Rent $1,800 0.0% --
02/11/2019 02/11/19 Rented $1,800 +50.0% --
11/17/2015 11/17/15 For Rent $1,200 +9.1% --
11/17/2015 11/17/15 Rented $1,100 -- --
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: A10963042

MIAMI REALTORS® MLS

APN: 51-41-26-03-0720