Premium MultifamilyProperty Type
1961Year Built
$350/moHOA Fees
FourplexStyle
Potential to have 15-20% ROI or more. Incredible cap rate for all types of investors. 5 units included in the price. Currently operating on airbnb bringing in $25,000 per year in gross income PER UNIT. 3 units active on airbnb and 2 units with long term tenants. Potential to assume the current management group so that nothing changes ! Value add opportunity as renovation could increase income. Monthly maintenance fee of $350 month and no other fees to be aware of. Electric and water included in maintenance fee. Each unit 320 sq.ft. Pets are allowed up to 100 pounds. 154 complex units. Great opportunity walking distance to the ocean in a rapidly growing area. Minutes from Sunny Isles Beach, Aventura Mall and Gulfstream Park/Shopping.
Listing Courtesy Of: Optimar International Realty
Local Realty Services Provided By: Best of Luxury Realty
On Site: 1335 DaysUpdated: 61 Days agoPage Views: 0

Features

MLS Number: A11351230
Bedrooms
    Bathrooms
      Exterior and Lot Features
        Interior, Heating and Cooling
        • Heating Description: WallFurnace
        • Cooling Description: WallWindowUnits
        Building and Construction
        • Floor Description: Tile
        • Year Built: 1961
        • Year Built Description: Resale
        • Style: Fourplex
        Waterfront and Water Access
        • Waterfront Frontage: No info
        School Information
          Other Property Info
          • Listing Date: 2023-03-03T08:08:31.000-00:00
          Taxes, Fees & More
          • Taxes: 2214

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          Price History

          Current
          $850K
          High
          $925K
          Low
          $850K
          Total Change
          -8.1%
          $934K$888K$841KMar 23May 23
          Date
          Event
          Price
          Change
          Price Per
          05/01/2023
          Sold
          $850K
          -8.11%
          N/A ft2
          N/A m2
          03/03/2023
          Listed
          $925K
           
          N/A ft2
          N/A m2
          05/01/2023
          $850K
          Event
          Sold
          Change
          -8.11%
          Price Per
          N/A ft2
          N/A m2
          03/03/2023
          $925K
          Event
          Listed
          Price Per
          N/A ft2
          N/A m2
          Price per square foot and days on website are not provided values and are calculated by Subdivisions.
          Listed by Dylan Vega • Optimar International Realty • Buyer Agency Compensation .
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          Community Snapshot
          Studio – 1 BR
          Bedrooms
          $120K – $196K
          Price Tier
          320 - 16,000
          SqFt Range
          1960
          Year Build
          2
          Total Floors

          Subdivision Amenities

          Clubhouse
          Elevators
          Laundry
          Pool
          Transportation Service

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