E
Seller's Agent in 2022
Eric Amsallem
Beachfront Realty Inc
(786) 985-1374
1 in this area
57 Total Sales
17
Beds
12
Baths
7,085
Sq Ft
1950
Built
Highlights
- Wood Flooring
- No HOA
- Heating Available
- South Miami Middle School Rated A-
- Cooling Available
- 3-minute walk to Marshall Williamson Park
About This Home
As of October 2022Investor dream! Fully remodeled 15-unit multi-family apartment building located in South Miami!
Recent roof, 15 units 100% remodeled including plumbing, electrical panels/kitchens/appliances/AC, all impact windows and doors, electrical meter room 100% redone including all new wiring, coins Laundry with new washer and dryer, and much more, 40 certification granted in 2022!
Two 2 bed/1bath units, One 2/2 unit, two 1bed/1bath units and 10 studio units. all units occupied!
Individually metered and Income producing, current gross yearly rent rolls $242.000k$ actual cap rate 5.07%, net income $151,896 !
Pro forma rent rolls $289,000, pro format cap rate 6.07% pro format NOI $181,764!
No financing contingency.
Offering Memorandum on request.
Last Agent to Sell the Property
Beachfront Realty Inc License #3185189 Listed on: 08/31/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $31,686
Year Built
- Built in 1950
Home Design
- Quadruplex
- Concrete Block And Stucco Construction
Interior Spaces
- 7,085 Sq Ft Home
- 2-Story Property
- Wood Flooring
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- Total Actual Rent $242,000
- Assessor Parcel Number 09-40-25-028-0220
Community Details
Overview
- No Home Owners Association
- 15 Units
- Townsite Of Larkins Condos
- Townsite Of Larkins Subdivision
Building Details
- Operating Expense $90,126
- Net Operating Income $151,986
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/11/2022 10/11/22 | Sold | $2,995,000 | 0.0% | $423 / Sq Ft |
| 08/31/2022 08/31/22 | For Sale | $2,995,000 | 0.0% | $423 / Sq Ft |
| 05/09/2018 05/09/18 | Rented | $850 | 0.0% | -- |
| 05/04/2018 05/04/18 | For Rent | $850 | -15.0% | -- |
| 03/15/2018 03/15/18 | Rented | $1,000 | 0.0% | -- |
| 02/23/2018 02/23/18 | Price Changed | $1,000 | 0.0% | $1 / Sq Ft |
| 02/23/2018 02/23/18 | For Rent | $1,000 | +17.6% | -- |
| 01/19/2018 01/19/18 | Off Market | $850 | -- | -- |
| 12/15/2017 12/15/17 | For Rent | $850 | -5.6% | -- |
| 07/01/2016 07/01/16 | Rented | $900 | +5.9% | -- |
| 06/29/2016 06/29/16 | For Rent | $850 | -- | -- |
Source: MIAMI REALTORS® MLS
Tax History
| 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 | $43,756 | $2,440,000 | $502,200 | $1,937,800 |
| 2024 | $43,615 | $2,290,000 | $447,840 | $1,842,160 |
| 2023 | $43,615 | $2,270,000 | $382,530 | $1,887,470 |
| 2022 | $32,565 | $1,686,740 | $0 | $0 |
| 2021 | $31,686 | $1,533,400 | $0 | $0 |
| 2020 | $28,190 | $1,394,000 | $279,900 | $1,114,100 |
| 2019 | $23,356 | $1,260,000 | $242,580 | $1,017,420 |
| 2018 | $19,709 | $990,000 | $205,260 | $784,740 |
| 2017 | $17,894 | $900,000 | $0 | $0 |
| 2016 | $18,237 | $900,000 | $0 | $0 |
| 2015 | $9,407 | $456,000 | $0 | $0 |
| 2014 | $8,000 | $366,808 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Eric Amsallem
-
R
Seller's Agent in 2018
Rafael Diaz
Florida Realty of Miami
Source: MIAMI REALTORS® MLS
MLS Number: A11266264
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