NOT LISTED FOR SALE
2 Beds
2 Baths
7,045 Sq Ft
1954 Built

Sale Details

Date Sold: July 22, 2016

Last sale price $1,800,000 $256 Per Sq Ft

78 Days on Market

Highlights

  • Wood Flooring
  • Ceiling Fan
  • Fenced
  • No HOA
  • Laundry Facilities
  • 2-minute walk to Stillwater Park

About This Home

As of July 2016

Rewarding investment opportunity in North Beach! Enjoy this 8-unit updated building featuring hurricane shutters, fresh exterior paint, laundry facilities, exterior lighting, new landscaping & securely gated. This rising income producing property attracts tenants with its remarkable modern style and location just steps from a 36-acre beachfront park, schools, public transportation, the beach, and more! Hurry in and invest in North Beach!

Last Agent to Sell the Property

Laura Veitia

Urban Resource LLC License #0620486 Listed on: 03/07/2016

Last Buyer's Agent

JORGE RODRIGUEZ

JPG Real Estate Investment License #3178787

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,847

Year Built

  • Built in 1954

Home Design

  • Quadruplex
  • Substantially Remodeled
  • Fiberglass Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 7,045 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Sliding Windows

Flooring

  • Wood
  • Tile

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Additional Features

  • Exterior Lighting
  • Fenced
  • East of U.S. Route 1

Listing and Financial Details

  • Total Actual Rent $157,200
  • Rent includes gardener, sewer, trash collection, water
  • Assessor Parcel Number 02-32-02-008-1880

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Biscayne Beach Sub Condos
  • Biscayne Beach Sub Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $46,250
  • Net Operating Income $108,234

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,847

Year Built

Built in 1954

Listing Details

  • Property Type: Residential Income
  • Year Built: 1954
  • Property Sub Type: Quadruplex
  • Architectural Style: Other
  • Directions: From 85th St, head west over bridge. Property on left.
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: Biscayne Beach Sub
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Interior Amenities: Stairs
  • Flooring: Tile, Wood
  • Living Area: 7045
  • Possible Use: Investment
  • Stories: 2
  • Window Features: Hurricane Shutters, Sliding

Exterior Features

  • Roof: Fiberglass, Other
  • Exterior Features: Exterior Lights
  • Construction Type: CBS Construction, Other
  • Fencing: Fenced
  • Lot Features: Less Than 1/4 Acre Lot, East Of US 1
  • Pool Private: No
  • Property Condition: Substantially Remodeled
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: Biscayne Beach Sub

Utilities

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

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 02-32-02-008-1880
  • Zoning: RM-1
  • ResoLotSizeUnits: SquareFeet

Rental Info

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

Multi Family

  • Net Operating Income: 108234
  • Number Of Units In Community: 4
  • Number Of Units Total: 8
  • Annual Operating Expense: 46250
  • Total Actual Rent: 157200

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 17847

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

Closed on
Jul 2, 2019
Sold by
Male3 Corp
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$858,603
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 7, 2016
Closed on
Jul 15, 2016
Sold by
700 85Th St Apartments Lp
Bought by
Male3 Corp
Seller's Agent
Laura Veitia
Urban Resource LLC
Buyer's Agent
JORGE RODRIGUEZ
JPG Real Estate Investment
List Price
$1,995,000
Sold Price
$1,800,000
Premium/Discount to List
-$195,000
-9.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,150,000
Interest Rate
3.48%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 15, 2014
Sold by
Santander Joseph A and Santander Arturo E
Bought by
700 85Th St Apartments Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$453,000
Interest Rate
4.19%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 24, 2002
Sold by
Benito Fernandez M and Benito Diana L
Bought by
Santander Joseph A and Santander Arturo E
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$1,750,000 Attorney
Male3 Corp $1,800,000 Attorney
700 85Th St Apartments Lp $900,000 Attorney
Santander Joseph A $583,000 --
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
Open $1,000,000
Previous Owner Male3 Corp $1,150,000
Previous Owner 700 85Th St Apartments Lp $453,000
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
07/22/2016 07/22/16 Sold $1,800,000 -9.8% $256 / Sq Ft
06/02/2016 06/02/16 Pending -- -- --
03/15/2016 03/15/16 For Sale $1,995,000 -- $283 / Sq Ft
Source: MIAMI REALTORS® MLS

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10045183

MIAMI REALTORS® MLS
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