NOT LISTED FOR SALE
Studio
-- Bath
8,746 Sq Ft
1963 Built

Sale Details

Date Sold: October 16, 2024

Last sale price $2,750,000 $314 Per Sq Ft

127 Days on Market

Highlights

  • No HOA
  • Ceramic Tile Flooring
  • 5-minute walk to Flamingo Park
  • Cooling System Mounted To A Wall/Window
  • No Heating

About This Home

As of October 2024

BACK ON THE MARKET.
40/50 YR. INSPECTION CERTIFIED. HIGH-IMPACT WINDOWS THROUGHOUT. FULLY OCCUPPIED 13 UNITS PLUS TEN PARKING SPACES. EXCEPTIONAL PROPERTY IN SOUTH BEACH JUST BLOCKS FROM THE BEACH. ALL UNITS ARE FULLY EQUIPPED AND ARE INDIVIDUALLY METERED FOR ELECTRICITY AND GAS KEEPING OPERATING EXPENSES VERY LOW. UNIQUE INVESTMENT OPPORTUNITY TO OWN A PROFITABLE BUILDING IN THE HEART OF SOUTH BEACH. CASH OFFER PREFERRED BUT OWNER FINANCING AVAILABLE (35% DOWN, 6.5%, UP TO 36 MONTHS).

Last Agent to Sell the Property

Uri Chemerinski

Beachfront Realty Inc Brokerage Phone: 786-838-3061 License #3314355 Listed on: 05/11/2024

Beachfront Realty Inc

Last Buyer's Agent

Ali Batiari

Dalton Wade Inc License #3469205

Dalton Wade Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $40,040

Year Built

  • Built in 1963

Parking

  • 10 Parking Spaces

Home Design

  • Concrete Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 8,746 Sq Ft Home
  • 2-Story Property
  • Ceramic Tile Flooring

Lot Details

  • Property is zoned 3900

Utilities

  • Cooling System Mounted To A Wall/Window
  • No Heating

Community Details

  • No Home Owners Association
  • Ocean Beach Addn No 3 Subdivision

Listing and Financial Details

  • Rent includes hot water, trash collection, water
  • Assessor Parcel Number 02-42-03-009-4450

Home Details

Home Type

Single Family

Est. Annual Taxes

$40,040

Year Built

Built in 1963

Listing Details

  • Property Type: Residential Income
  • Year Built: 1963
  • Property Sub Type: Quadruplex
  • Architectural Style: Detached
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: OCEAN BEACH ADDN NO 3
  • Year Built Details: Unknown
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Attribution Contact: 786-838-3061
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Interior Amenities: Stairs
  • Flooring: Ceramic Floor
  • Living Area: 8746
  • Possible Use: Investment
  • Stories: 2

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: OCEAN BEACH ADDN NO 3
  • Total Parking Spaces: 10

Utilities

  • Sewer: Public Sewer
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 02-42-03-009-4450
  • Zoning: 3900
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Hot Water, Trash Collection, Water

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 40040

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 13

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
May 11, 2024
Closed on
Oct 16, 2024
Sold by
Bought by
Seller's Agent
Uri Chemerinski
Beachfront Realty Inc
Buyer's Agent
Ali Batiari
Dalton Wade Inc
List Price
$3,100,000
Sold Price
$2,750,000
Premium/Discount to List
-$350,000
-11.29%
Views
10

Purchase Details

Listed on
Dec 9, 2011
Closed on
Jul 9, 2012
Sold by
Bought by
Seller's Agent
Orlando Abella
Compass Florida, LLC
Buyer's Agent
Debora Cohen
Real Realty Corp
List Price
$1,699,000
Sold Price
$1,262,500
Premium/Discount to List
-$436,500
-25.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.54%

Purchase Details

Closed on
Jun 5, 2002
Sold by
Bought by

Purchase Details

Closed on
Jan 10, 2001
Sold by
Bought by

Purchase Details

Closed on
Apr 18, 1994
Sold by
Bought by

Purchase Details

Closed on
Apr 14, 1994
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
$2,750,000 Trident Title
$1,262,500 Attorney
$1,060,000 --
$720,000 --
-- --
$357,000 --
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 $2,100,000
Previous Owner $800,000
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 Prior Sale
10/16/2024 10/16/24 Sold $2,750,000 -11.3% $314 / Sq Ft
09/16/2024 09/16/24 Pending -- -- --
05/11/2024 05/11/24 For Sale $3,100,000 +145.5% $354 / Sq Ft
07/09/2012 07/09/12 Sold $1,262,500 -25.7% $184 / Sq Ft View Prior Sale
04/25/2012 04/25/12 Pending -- -- --
12/09/2011 12/09/11 For Sale $1,699,000 -- $248 / 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 $41,272 $2,200,000 $1,400,000 $800,000
2024 $41,384 $2,280,000 $1,610,000 $670,000
2023 $41,384 $2,190,000 $1,610,000 $580,000
2022 $38,518 $2,050,000 $1,610,000 $440,000
2021 $36,299 $1,880,000 $1,610,000 $270,000
2020 $37,424 $1,934,000 $1,610,000 $324,000
2019 $37,371 $2,222,000 $1,540,000 $682,000
2018 $0 $2,215,000 $1,540,000 $675,000
2017 $28,336 $1,452,000 $0 $0
2016 $27,258 $1,320,000 $0 $0
2015 $21,397 $1,200,000 $0 $0
2014 $21,397 $1,130,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11585944

MIAMI REALTORS® MLS
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