NOT LISTED FOR SALE

48 NW 13th Ave Miami, FL 33125

Little Havana Neighborhood
-- Bed
-- Bath
6,205 Sq Ft
1925 Built

Last Sold May 31, 2023

Last sale price $2,600,000 $419 Per Sq Ft

109 Days on Market

Highlights

  • No HOA
  • Central Air
  • Reverse Cycle Heating System

About This Home

As of May 2023

Start collecting immediately, Gross Income $203,400, Net Operating Income $154,000, Cap rate 5.60%.
Location, location! Centrally located & completely remodeled, new roof, new impact windows, new AC, new interiors, etc. Little Havana mission style building, excellent opportunity to acquire this 8 units Multifamily: 4 units 2 bedrooms 2 bathrooms and 4 units 1 bedroom 1 bathroom, fully rented!
Laundry facilities on site. Close to down Town, Flagler Street, supermarkets, stores, schools, restaurants. Easy access to public transportation.
Offering Memorandum available on request.

Last Agent to Sell the Property

Eric Amsallem

Beachfront Realty Inc License #3185189 Listed on: 02/10/2023

Beachfront Realty Inc

Last Buyer's Agent

Eric Amsallem

Beachfront Realty Inc License #3185189 Listed on: 02/10/2023

Beachfront Realty Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,354

Year Built

  • Built in 1925

Home Design

  • Quadruplex

Interior Spaces

  • 6,205 Sq Ft Home
  • 2-Story Property

Utilities

  • Central Air
  • Reverse Cycle Heating System

Community Details

  • No Home Owners Association
  • 8 Units
  • Lawrence Estate Land Co Condos
  • Lawrence Estate Land Co Subdivision

Listing and Financial Details

  • Rent includes electricity
  • Assessor Parcel Number 01-41-02-005-9510

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,354

Year Built

Built in 1925

Listing Details

  • Property Type: Residential Income
  • Year Built: 1925
  • Property Sub Type: Quadruplex
  • Architectural Style: Attached, Other
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: LAWRENCE ESTATE LAND CO
  • Year Built Details: Effective Year Built
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Flooring: Other
  • Furnished: Unfurnished
  • Living Area: 6205
  • Possible Use: Investment
  • Stories: 2

Exterior Features

  • Roof: Other
  • Lot Features: 1/2 To Less Than 3/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: LAWRENCE ESTATE LAND CO

Utilities

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

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 01-41-02-005-9510
  • Zoning: 6107
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Electricity

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 12354

Multi Family

  • Number Of Units Total: 8
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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
05/31/2023 05/31/23 Sold $2,600,000 -5.5% $419 / Sq Ft
03/31/2023 03/31/23 For Sale $2,750,000 +5.8% $443 / Sq Ft
03/29/2023 03/29/23 Off Market $2,600,000 -- --
02/19/2023 02/19/23 Price Changed $2,750,000 -8.2% $443 / Sq Ft
02/10/2023 02/10/23 For Sale $2,995,000 -- $483 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $23,750 $1,304,100 -- --
2024 $17,076 $1,185,546 $500,000 $685,546
2023 $17,076 $659,168 $0 $0
2022 $12,354 $600,595 $300,000 $300,595
2021 $10,389 $476,251 $0 $0
2020 $9,805 $514,837 $250,000 $264,837
2019 $9,183 $502,929 $250,000 $252,929
2018 $8,304 $477,967 $225,000 $252,967
2017 $7,609 $325,288 $0 $0
2016 $6,802 $295,717 $0 $0
2015 $6,698 $268,834 $0 $0
2014 $5,692 $244,395 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2023

    Eric Amsallem

    Beachfront Realty Inc

    (786) 985-1374

    1 in this area

    57 Total Sales

    Eric Amsallem
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11341694

MIAMI REALTORS® MLS
Florida Miami/Dade County Miami 33125 Little Havana

48 NW 13th Ave, Miami, FL

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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