Closed

Anderson Park, 1620 SW 40th Ave, Coral Gables, FL 33134

2,300,000(-10.87% )
$2,050,000Price
3,334SqFt

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Details

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Status:
Sold - Jan 15, 2025
Size: 3,334 SqFt (310 m2)
Price: $615/SqFt ($6,619/m2)
Type: Multi Family
Built: 1959
MLS Number: A11645459
On Site: 329 Days
Updated: 194 Days ago
Page Views: 0
Exceptional investment opportunity in the highly sought-after little gables neighborhood, just minutes from downtown gables. This stable and reliable four-plex sits on a 7,500 sq ft corner lot and features four 2-bedroom, 1-bath units, each with a 1-year lease at $2,500/month. The property boasts separate electric meters and three split ac units per unit. Residents have access to owned washers and dryers within their individual units. Recent updates include brand-new floors, appliances, bathrooms, impact windows and doors throughout, and more—tenting in june 2021 and 40-year recertification in 2022. The electrical system was upgraded to circuit breakers in 2016, and the roof was resealed in 2014. Please check broker remarks for more information.
Features
Bedrooms
    Bathrooms
      Exterior and Lot Features
      • Exterior Features: SecurityHighImpactDoors
      Interior, Heating and Cooling
      • Interior Features: Skylights
      • Heating Description: Central
      • Cooling Description: CentralAir
      Building and Construction
      • Floor Description: Laminate
      • Windows/Treatment: ImpactGlass, Skylights
      • Year Built: 1959
      • Year Built Description: Effective Year Built
      • Style: Fourplex
      Waterfront and Water Access
      • Waterfront Frontage: No info
      School Information
        Other Property Info
        • Listing Date: 2024-09-03T10:48:13.000-00:00
        Taxes, Fees & More
        • Taxes: 12640

        Price History

        01/15/2025

        Date

        Sold

        Event

        $2.1M

        Price

        -10.87%

        Change Rate

        $615 ft2 / $6,619 m2

        Price Per

        08/21/2024

        Date

        Listed

        Event

        $2.3M

        Price

        $690 ft2 / $7,426 m2

        Price Per

        Price per square foot and days on website are not provided values and are calculated by Subdivisions.

        Listed by Orelvys SanabriaColdwell Banker Realty • Buyer Agency Compensation .

        Instant Comps

        $500/ft²
        $500/ft²
        $600/ft²
        $800/ft²

        Unit 1620 SW 40th Ave – Asking

        $615/ft²

        (0%) from Closed Medium $/ft²

        Closed Medium $/ft²

        $615/ft²
        Community $/Price Range (Closed) $615/ft² – $615/ft²
        No Comparable Units Found: We couldn't locate comparable properties at this time. Contact us for a FREE, no-obligation Comparative Market Analysis (CMA) from a licensed RE advisor.
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