$970,000
SOLD JAN 27, 2021
-- Bed
-- Bath
4,306 Sq Ft
1940 Built

Recently Sold

$225 Per Sq Ft

2% Below List Price

68 Days on Market

Highlights

  • Wood Flooring
  • Complete Impact Glass
  • Patio
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • 2-minute walk to Tatum Park

About This Home

As of January 2021

GET 3 UNITS FOR THE PRICE OF ONE HOME! Immaculate triplex for sale in updated, turnkey condition. Live in one and rent out the other 2 units for income. Perfect for a growing family, investor, frequent traveler, or any arrangement. Cap rate at 6% when fully rented. Incredibly warm and inviting travertine floors in the 4 Bedroom/ 2 Bathroom West (corner) house, amazing private patio space with hot tub, and great entertaining space. All units have hurricane proof impact glass, fully equipped kitchens, spacious living spaces, private patio space, and washer/dryers. This location is in HIGH demand being minutes away from the beach. This street has direct path to the beach entrance. In addition, property is near schools, houses of worship, dining, shopping, and all the nightlife you desire.

Last Agent to Sell the Property

Jonathan Bigelman

One Sotheby's International Realty License #3460340 Listed on: 10/06/2020

Last Buyer's Agent

Michael Warshower

BHHS EWM Realty License #3400147

BHHS EWM Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,700

Year Built

  • Built in 1940

Parking

  • 3 Parking Spaces

Home Design

  • Triplex
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 4,306 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Complete Impact Glass

Flooring

  • Wood
  • Tile
  • Terrazzo

Outdoor Features

  • Patio
  • Outdoor Grill

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $84,000
  • Rent includes sewer, trash collection, water
  • Assessor Parcel Number 02-32-02-007-2220

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Altos Del Mar No 3 Condos
  • Altos Del Mar No 3 Subdivision

Building Details

  • Operating Expense $25,936
  • Net Operating Income $58,065

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,700

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1940
  • Property Sub Type: Triplex
  • Architectural Style: Attached
  • Directions: GPS
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Triplex
  • Subdivision Name: ALTOS DEL MAR NO 3
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Spa Yn: Yes
  • Flooring: Terrazzo, Tile, Wood
  • Living Area: 4306
  • Possible Use: Investment
  • Stories: 2
  • Window Features: Clear Impact Glass, Complete Impact Glass

Exterior Features

  • Roof: Shingle
  • Exterior Features: Barbeque
  • 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: ALTOS DEL MAR NO 3
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Ceiling Fan(s), Central Air, Electric, Wall/Window Unit(s)
  • 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: 02-32-02-007-2220
  • Zoning: 3900
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Sewer, Trash Collection, Water

Multi Family

  • Net Operating Income: 58065
  • Number Of Units In Community: 3
  • Number Of Units Total: 3
  • Annual Operating Expense: 25936
  • Total Actual Rent: 84000

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 10700

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
08/08/2025 08/08/25 For Sale $1,325,000 +36.6% $308 / Sq Ft
01/27/2021 01/27/21 Sold $970,000 -2.0% $225 / Sq Ft
11/16/2020 11/16/20 For Sale $990,000 0.0% $230 / Sq Ft
11/11/2020 11/11/20 Pending -- -- --
11/04/2020 11/04/20 For Sale $990,000 0.0% $230 / Sq Ft
10/21/2020 10/21/20 Pending -- -- --
09/04/2020 09/04/20 For Sale $990,000 -- $230 / 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: A10935465

MIAMI REALTORS® MLS