$415,000
SOLD NOV 1, 2019
-- Bed
-- Bath
1,952 Sq Ft
1953 Built

Recently Sold

$213 Per Sq Ft

17% Below List Price

11 Days on Market

Highlights

  • No HOA
  • Porch
  • Ceramic Tile Flooring
  • Balcony
  • Cooling System Mounted To A Wall/Window
  • Awning

About This Home

As of September 2021

MULTIFAMILY WITH 4 SEPARATE UNITS. TWO SEPARATE STRUCTURES. FULLY RENTED. FRONT STRUCTURE (SFH) W/ 3/2 SEPARATE FENCED IN PARKING & PRIVATE YARD.

ALL RENTALS REMODELED PRIOR TO TNT(S) MOVING IN. ALL UNITS TILED W/NEW KITCHN-CAB & GRNT-TOPS & STAINLESS APPLIANCES. WASHER/DRYER IN SEP LAUNDRY PANTRY. CENTRAL AC. FRONT TENANT(S) PAY THEIR OWN ELECTRIC & WATER.

REAR (TRI-PLEX) THREE (3) SEPARATE INCOME UNITS. FULLY RENTED.
CURRENT GROSS ANNUAL INCOME $60,780 with ROOM TO INCREASE RENTS TO $82K PER/YR.
CAP RATE over 12% AT CURRENT LISTED PRICE.

PROFORMA CAP RATE IS UP TO 18% WITH RENTAL MARKET RATE OF 2019.

GOOD LONG TERM TENANTS WITH S8 & CITY OF MIAMI S8. PLS *DO NOT DISTURB TENANT(S)*. NON ASSIGNABLE OFFERS ONLY. OFFER SUBMISSION ATTACHED. PLS FOLLOW INSTRUCTIONS.

Last Agent to Sell the Property

Grace Morejon

Area Expert Realty, Corp License #3093020 Listed on: 10/07/2019

Last Buyer's Agent

Sherry Lebowitz

Lifestyle International Realty License #3268355

Lifestyle International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,613

Year Built

  • Built in 1953

Lot Details

  • Fenced

Parking

  • 6 Parking Spaces

Home Design

  • Quadruplex
  • Elevated Home
  • Substantially Remodeled
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,952 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Awning
  • Blinds
  • Ceramic Tile Flooring

Outdoor Features

  • Balcony
  • Exterior Lighting
  • Porch

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Reverse Cycle Heating System
  • Heating System Mounted To A Wall or Window
  • Septic Tank

Listing and Financial Details

  • Total Actual Rent $61,000
  • Rent includes gardener, rent incl, pest control
  • Assessor Parcel Number 30-31-12-021-0410

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Little River Highlands Condos
  • Little River Highlands Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $7,000
  • Net Operating Income $54,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,613

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1953
  • Property Sub Type: Quadruplex
  • Architectural Style: Attached, Detached
  • Directions: GOOGLE OR MAP QUEST PLEASE DO NOT CALL ** AND DO NOT DISTURB TENANTS** INSTRUCTIONS FOR SUBMITTING OFFER/VIEWING ETC. ATTACHED. FOLLOW INSTRUCTIONS ATTACHED.
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: LITTLE RIVER HIGHLANDS
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Spa Yn: No
  • Flooring: Ceramic Floor, Tile
  • Living Area: 1952
  • Possible Use: Unknown/Withheld
  • Stories: 1
  • Window Features: Awning, Blinds

Exterior Features

  • Roof: Shingle
  • Exterior Features: Balcony, Fruit Trees, Exterior Lights, Other
  • Construction Type: CBS Construction, Elevated Construction
  • Fencing: Fenced
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Patio And Porch Features: Open Porch
  • Pool Private: No
  • Property Condition: Substantially Remodeled
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: LITTLE RIVER HIGHLANDS
  • Total Parking Spaces: 6

Utilities

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

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 30-31-12-021-0410
  • Zoning: 57/GENER
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Gardener, Other Rent Incl, Pest Control

Multi Family

  • Net Operating Income: 54000
  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Annual Operating Expense: 7000
  • Total Actual Rent: 61000

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 3613

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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
07/23/2025 07/23/25 For Sale $599,999 +7.1% $307 / Sq Ft
09/29/2021 09/29/21 Sold $560,000 -9.7% $287 / Sq Ft
07/14/2021 07/14/21 Price Changed $620,000 -2.4% $318 / Sq Ft
07/07/2021 07/07/21 Price Changed $635,000 -0.6% $325 / Sq Ft
05/19/2021 05/19/21 For Sale $639,000 +14.1% $327 / Sq Ft
04/26/2021 04/26/21 Off Market $560,000 -- --
04/20/2021 04/20/21 For Sale $639,000 +14.1% $327 / Sq Ft
04/19/2021 04/19/21 Off Market $560,000 -- --
03/21/2021 03/21/21 Price Changed $639,000 -4.6% $327 / Sq Ft
01/10/2021 01/10/21 For Sale $669,900 +34.3% $343 / Sq Ft
11/06/2019 11/06/19 For Sale $498,900 +20.2% $256 / Sq Ft
11/01/2019 11/01/19 Sold $415,000 0.0% $213 / Sq Ft
11/01/2019 11/01/19 Off Market $415,000 -- --
10/08/2019 10/08/19 Price Changed $498,900 -18.2% $256 / Sq Ft
10/07/2019 10/07/19 For Sale $609,800 -- $312 / 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: A10752744

MIAMI REALTORS® MLS

APN: 30-3112-021-0410