E
Seller's Agent in 2022
Eric Amsallem
Beachfront Realty Inc
(786) 985-1374
1 in this area
56 Total Sales
6647 SW 59th Place South Miami, FL 33143
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 Murray 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
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 |
|---|---|---|---|---|
| 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
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 | $46,563 | $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
MMLS Assoc.-Inactive Member
Map
Source: MIAMI REALTORS® MLS
MLS Number: A11266264
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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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