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Flagler Grove Estates, 5150 NW 2nd Ter, Miami, FL 33126

799,000(-3% )
1,475SqFt

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Details

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Status:
Sold - Aug 01, 2023
Size: 1,475 SqFt (137 m2)
Price: $525/SqFt ($5,656/m2)
Type: Multi Family
Built: 1949
MLS Number: A11321245
On Site: 1000 Days
Updated: 791 Days ago
Page Views: 0
Elegantly renovated, fully-occupied 3 unit cash cow property. The original 3/2 single family house has been divided into two separate units, a 2/1 and a large 1/1, and there is a detached 1 bedroom apartment. All 3 units have full kitchens with washer/dryer combo in unit. Too many upgrades to name including: impact windows throughout, updated plumbing and electrical, designer quality finishes in bathrooms and kitchens, new fence, sprinklers, tankless water heaters, etc. Great quality tenants are in place, but there's room to push rents higher ($2000-2200 a unit) in a flagami neighborhood that is on the rise.
Features
Bedrooms
    Bathrooms
      Exterior and Lot Features
        Interior, Heating and Cooling
        • Heating Description: Central
        • Cooling Description: CentralAir
        Building and Construction
        • Floor Description: Tile
        • Year Built: 1949
        • Year Built Description: Effective Year Built
        Waterfront and Water Access
        • Waterfront Frontage: No info
        School Information
          Other Property Info
          • Listing Date: 2023-01-05T09:16:35.000-00:00
          Taxes, Fees & More
          • Taxes: 10646

          Price History

          08/01/2023

          Date

          Sold

          Event

          $775K

          Price

          -3%

          Change Rate

          $525 ft2 / $5,656 m2

          Price Per

          01/02/2023

          Date

          Listed

          Event

          $799K

          Price

          $542 ft2 / $5,831 m2

          Price Per

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

          Listed by Eric FarmelantCompass Florida, LLC • Buyer Agency Compensation .

          Instant Comps

          $100/ft²
          $300/ft²
          $500/ft²
          $800/ft²

          Unit 5150 NW 2nd Ter – Asking

          $525/ft²

          (+81%) from Closed Avg. $/ft²

          Closed Avg. $/ft²

          $290/ft²
          Community $/Price Range (Closed) $290/ft² – $600/ft²
          UnitBed/BathSize SqFt$/SqFtExposureViewSoldClosed Date
          5239 NW 4th Ter3/21,725$290NorthOther$500,0008/20/2025
          Preview
          Bed/Bath: 3/2
          Size SqFt: 1,725
          $/SqFt: $290
          Exposure: North
          View: Other
          Sold: $500,000
          Closed Date: 8/20/2025
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