NOT LISTED FOR SALE
-- Bed
-- Bath
12,060 Sq Ft
2015 Built

Sale Details

Date Sold: December 5, 2019

Last sale price $2,920,000 $242 Per Sq Ft

346 Days on Market

Highlights

  • No HOA
  • Ceramic Tile Flooring
  • 4-minute walk to Legion Memorial Park
  • Morningside K-8 Academy Rated 9+
  • Central Heating and Cooling System

About This Home

As of December 2019

CITY SMART AND TRENDY Morningside, an enclave on Miami's upper east side, a rare opportunity to purchase a 2015 building. STROLL TO EVERYTHING! retails, supermarket, restaurants, banks and all other city conveniences. A total of 10 very spacious units (9 2/2's and 1 1/1.5) currently grossing $230,613 with a NOI of over $130K. Fresh and contemporary look building.

Last Agent to Sell the Property

Jose Cueva

UrbanlinQ License #3036752 Listed on: 09/20/2018

Last Buyer's Agent

Jose Cueva

UrbanlinQ License #3036752 Listed on: 09/20/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $36,649

Year Built

  • Built in 2015

Parking

  • 12 Parking Spaces

Home Design

  • Quadruplex
  • Concrete Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 12,060 Sq Ft Home
  • Blinds
  • Ceramic Tile Flooring

Additional Features

  • Accessible Elevator Installed
  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $230,613
  • Rent includes gardener, pest control, sewer, trash collection
  • Assessor Parcel Number 01-32-18-023-1040

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Morningside Amd Condos
  • Morningside Amd,Allegro Life Subdivision
  • 6-Story Property

Building Details

  • Operating Expense $100,319
  • Net Operating Income $130,293

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$36,649

Year Built

Built in 2015

Listing Details

  • Property Type: Residential Income
  • Year Built: 2015
  • Property Sub Type: Quadruplex
  • Architectural Style: Other
  • Directions: Biscayne Blvd to NE 66ST, building will be on your left.
  • Horses: No
  • New Construction: No
  • Building Stories: 6
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: MORNINGSIDE AMD,Allegro Life
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 6

Interior Features

  • Interior Amenities: Elevator
  • Flooring: Ceramic Floor
  • Living Area: 12060
  • Possible Use: Investment
  • Stories: 6
  • Window Features: Blinds

Exterior Features

  • Roof: Concrete
  • Construction Type: CBS Construction
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: MORNINGSIDE AMD
  • Total Parking Spaces: 12

Utilities

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

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 01-32-18-023-1040
  • Zoning: 6107
  • ResoLotSizeUnits: SquareFeet

Rental Info

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

Multi Family

  • Net Operating Income: 130293
  • Number Of Units In Community: 2
  • Number Of Units Total: 10
  • Annual Operating Expense: 100319
  • Total Actual Rent: 230613

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 36649

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2018
Closed on
Oct 24, 2019
Sold by
Bought by
Seller's Agent
Jose Cueva
UrbanlinQ
Buyer's Agent
Jose Cueva
UrbanlinQ
List Price
$3,299,000
Sold Price
$2,920,000
Premium/Discount to List
-$379,000
-11.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
0.037%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 20, 2015
Sold by
Bought by

Purchase Details

Closed on
Nov 23, 2011
Sold by
Bought by

Purchase Details

Closed on
Jul 30, 2003
Sold by
Bought by

Purchase Details

Closed on
Feb 12, 2002
Sold by
Bought by

Purchase Details

Closed on
Oct 24, 1992
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,920,000 Attorney
$2,132,000 Attorney
$160,000 Attorney
$191,000 --
$27,683 --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $720,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/05/2019 12/05/19 Sold $2,920,000 -11.5% $242 / Sq Ft
09/01/2019 09/01/19 Pending -- -- --
09/20/2018 09/20/18 For Sale $3,299,000 -- $274 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $49,357 $2,454,100
2024 $47,280 $2,231,000 $726,000 $1,505,000
2023 $47,280 $2,113,407 $726,000 $1,387,407
2022 $43,910 $2,130,000 $580,800 $1,549,200
2021 $42,281 $1,990,000 $580,800 $1,409,200
2020 $44,108 $2,071,000 $580,800 $1,490,200
2019 $41,549 $1,954,000 $544,500 $1,409,500
2018 $36,990 $1,766,000 $544,500 $1,221,500
2017 $36,649 $1,730,000 $0 $0
2016 $36,580 $1,676,000 $0 $0
2015 $3,896 $114,942 $0 $0
2014 $2,931 $104,493 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10541159

MIAMI REALTORS® MLS
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