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Multifamily in Miramar, FL 33023Miami Gardens Estates, 6310 SW 25th St
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OFF MARKET
2,600
SqFtStatus
OFF MARKETExpired
Size
2,600 SqFt (242 m2)
Price
$269/SqFt ($2,898/m2)
Type
Multifamily
Built
1973
MLS Number
F10377185
On Site
1244 Days
Updated
984 Days ago
Page Views
0
Best deal in Broward. Build 26 units; can be micro units 350 sqft each to keep costs low. Total construction cost $2M+/-. Monthly rent per unit based on comps $1,500. Gross annual income $468,000. All in cost $3M+/-. $5M+ value once built based on 6%-7% cap rate. $2M in equity. Seller will finance. Opportunity zone: huge tax benefits. Seller had preliminary development meeting with city: confirmed included plans for 26 unit building are in accordance with current zoning. Could build larger 1 bedroom units. Great AirBNB potential being so close to Hard Rock & main highways. Active comps $58k-$138k per unit for land. Recently sold comps $50k-$59k per unit for land. Subject property under $27k per unit; approx 50% OFF market value. See pics. Large duplex on property producing cashflow.
Features
Bedrooms
Bathrooms
Exterior and Lot Features
Interior, Heating and Cooling
- Heating Description: Central
- Cooling Description: CentralAir
Building and Construction
- Floor Description: Other
- Year Built: 1973
- Year Built Description: Resale
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
Other Property Info
- Listing Date: 2023-04-20T13:04:39.000-00:00
Taxes, Fees & More
- Taxes: 6850
- Total Units in Building: 1
Apples-to-Apples Comparables
Price History
Current
$700K
High
$975K
Low
$700K
Total Change
-28.2%Date
Event
Price
Change
Price Per
11/27/2023
Price Reduced
$700K
-6.65%$269 ft2
$2,898 m2
10/17/2023
Price Reduced
$750K
-3.85%$288 ft2
$3,104 m2
09/26/2023
Price Reduced
$780K
-10.52%$300 ft2
$3,229 m2
09/14/2023
Price Reduced
$872K
-2.9%$335 ft2
$3,608 m2
08/22/2023
Price Reduced
$898K
-7.95%$345 ft2
$3,716 m2
04/20/2023
Listed
$975K
$375 ft2
$4,037 m2
11/27/2023
$700K
Event
Price Reduced
Change
-6.65%Price Per
$269 ft2
$2,898 m2
10/17/2023
$750K
Event
Price Reduced
Change
-3.85%Price Per
$288 ft2
$3,104 m2
09/26/2023
$780K
Event
Price Reduced
Change
-10.52%Price Per
$300 ft2
$3,229 m2
09/14/2023
$872K
Event
Price Reduced
Change
-2.9%Price Per
$335 ft2
$3,608 m2
08/22/2023
$898K
Event
Price Reduced
Change
-7.95%Price Per
$345 ft2
$3,716 m2
04/20/2023
$975K
Event
Listed
Price Per
$375 ft2
$4,037 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Michael Sheer • United Realty Group Inc. • Buyer Agency Compensation .
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Scores
80
100
39
100
71
100
64
100
1
100
46
100
6
100
Community Snapshot
3 – 4 BR
Bedrooms
$600K – $784K
Price Tier
720 - 2,858
SqFt Range
1971
Year Build
1
Total Floors
Subdivision Amenities
None
Miramar Entry-Level Entry-Level Homes & Condos
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- Bellagio At Vizcaya Mixed1
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- Caribbean Condo2
- Catalina At Miramar Townhouse0
- Cinnamon Homes House1
- Coral Heights Multifamily1
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- Courtyards At Nautica Condo8
- Escada At Vizcaya Mixed3
- Estates Of Lake Miramar House0
- Foxcroft House7
- Lakeshore At University Park Condo16
- Lakeview Townhomes House1
- Las Terrazas At Vizcaya Mixed6
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- Melrose Cove House1
- Melrose Point Townhouse5
- Miami Gardens Estates Mixed2
- Mirabella Townhouse4
- Miramar Club Condo8
- Missionwood At Miramar Townhouse4
- Montclair Townhouse4
- Montego Bay Townhouse0
- Murano At Hampton Park Townhouse4
- Palm Cove House0
- Portofino North House1
- Positano Townhouses Townhouse1
- River Run House4
- Riverdale House1
- Riviera Isles Mixed15
- Santorini At Vizcaya Mixed3
- Silver Falls Mixed12
- Silver Shores House17
- St Andrews At Miramar Condo5
- Sunshine Garden Condo0
- The Enclave At Miramar Condo7
- The Reserve At Huntington House1
- The Residences At Miramar Condo9
- Tuscany Townhouse11
- Verano At Miramar Condo2
- Village Walk Mixed8
- Villas At Nautica Townhouse4
- Waterview House0
- Windsor Palms House7
- Woodscape Townhomes Townhouse0
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