$1,425,000
SOLD SEP 6, 2024
-- Bed
-- Bath
4,524 Sq Ft
1947 Built

Recently Sold

$315 Per Sq Ft

16% Below List Price

125 Days on Market

Highlights

  • Popular Property
  • Cooling System Mounted To A Wall/Window
  • Ceiling Fan
  • Balcony
  • Tile Flooring
  • Fenced

About This Home

As of September 2024

Location! Location! Location! Miami Beach 4Plex, All Large 2 Bed 2 Bath Units In One Of Miami's Exclusive Areas, Normandy Isles! Located About A Mile From Miami Sandy Beaches & Surrounded By Beautiful Biscayne Bay. Normandy Isles Also Has Community Parks, Pool + Normandy Shores Golf Course & So Much More. Making This Property Ideal For Possible Air Bnb, Annual Rental Or Owner Occupant. Property Has An Additional Bonus Lot To Possibly Expand The Building, Add a Pool Or For Possible Additional Units. All 4 Units Have Separate Electric Meters. Current Rents Are Below Market. Projected Annual Gross Income is $132,000 +/- (Including Coin Laundry). Estimated Annual Expenses Are $37,482 +/-. Expenses Include Taxes:$14,382 Landscaping: $3,000 Estimated Insurance: $7,500 Water: $6,000 Trash: $6,600

Last Agent to Sell the Property

Carlos Montoya

Fidelity Real Estate Group LLC License #0623048 Listed on: 04/23/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,934

Year Built

  • Built in 1947

Parking

  • 9 Parking Spaces

Home Design

  • Quadruplex
  • Barrel Roof Shape

Interior Spaces

  • 4,524 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Blinds
  • Tile Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • No Heating
  • Cable TV Available

Additional Features

  • Balcony
  • Fenced

Listing and Financial Details

  • Total Actual Rent $132,000
  • Rent includes gardener, hot water, sewer, trash collection, water
  • Assessor Parcel Number 02-32-10-017-0340

Community Details

Overview

  • 4 Units
  • Isle Normandy Miami View Subdivision

Building Details

  • Net Operating Income $94,518

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,934

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Property Sub Type Additional: Quadruplex
  • Directions: Biscayne Blvd & NE 79 St. Head East On NE 79th St. Continue onto 79th Street Causeway/N Bay Causeway/John F Kennedy Causeway/71st St. Continue straight to stay on 71st St. Turn left onto Rue Granville. Destination will be on the right
  • Year Built: 1947
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Private Spa: No
  • Flooring: Tile
  • Living Area: 4524.0
  • Window Features: Blinds

Exterior Features

  • Exterior Features: Balcony, Fence
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Barrel

Garage/Parking

  • Total Parking Spaces: 9.0

Utilities

  • Cooling: Ceiling Fan(s), Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Gardener, Hot Water, Sewer, Trash Collection, Water
  • Community Features: Non-Gated

Lot Info

  • Parcel #: 02-32-10-017-0340
  • Lot Size: 6775
  • Zoning Description: 3900

Multi Family

  • Property Net Operating Income: 94518.0
  • Number Of Units Total: 4
  • Total Actual Rent: 132000.0

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 13934.0

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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
06/03/2025 06/03/25 For Sale $2,550,000 +78.9% $564 / Sq Ft
09/06/2024 09/06/24 Sold $1,425,000 -13.6% $315 / Sq Ft
08/27/2024 08/27/24 Pending -- -- --
06/05/2024 06/05/24 Price Changed $1,649,000 -2.9% $365 / Sq Ft
04/24/2024 04/24/24 For Sale $1,698,000 -- $375 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10435850

BeachesMLS (Greater Fort Lauderdale)