$1,200,000
Miami Beach, FL 33141
MLS# A11159453
Status: Closed
3407 sqft
1 / 5
Property Description
SOUGHT AFTER LOCATION BLOCKS AWAY FROM THE BEACH. This multi-family is the perfect investment to capitalize on the booming tourism sector & economic improvement in this neighborhood. Potential buyers will have the chance to continue operating the building as apartment rentals with room to increase rent up to $8,000/m with light touch interior TLC. Turn-key investment opportunity to own a cash-flowing property in Miami Beach. This 1-story consists of 5 units featuring a mix of four 1-bed/1-bath and one 2-beds/1-bath. 2 out of the 5 units are remodeled with new floors, kitchen, W/D inside the units. The roof has been completely changed with clay tiles, 40-year certificate and CU up to date, fresh exterior paint, new landscaping, and much more!. Pro forma rental can be provided upon request.
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2022-02-22
Status: Closed
Original List Price: 1170000
Sold Price: $1,200,000
Current Price: $1,200,000
Location and Legal
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
City Name: Miami Beach
Municipal Code: 2
Postal Zip: 33141
Subdivision Number: 8
Flood Zone: AE
Country: United States
Street Number: 705
Street Name: 83rd
Street Suffix: Street
State Or Province: FL
Postal Code: 33141
Postal Code +4: 1344
Subdivision Name: BISCAYNE BEACH SUB
Area: 2320
Parcel Number: 0232020081690
Zoning: 3900
General Property Information
Number Of Units Total: 2
Adjusted Area Main: 3314
Living Area Main: 3407
Parking Total: 0
Stories Total: 1
Pool Private YN: No
Property Sub Type: Quadruplex
Building Area Main: 3407
Year Built: 1949
Office/Member Information
DXORIGMLSID: SEF
Status Change Information
Buyer Financing: Cash
Major Change Timestamp: 2022-03-29T13:33:29Z
Major Change Type: Status Change
Status Change Date: 2022-04-04
Under Contract Date: 2022-02-26
Close Date: 2022-03-29
Close Price: 1200000
Flooring
Concrete: 1
Tile: 1
Other: 1
Property Condition
Resale: 1
Documents Available
Copy Of Lease(s): 1
Deposit - Security: 1
Deposit Held: 1
Existing Survey: 1
Investment Analysis: 1
Other Available Information: 1
Rent Rolls: 1
Structure Type
Multi Family: 1
Possession
Negotiable: 1
Sewer
Public Sewer: 1
Utilities
Cable Available: 1
Heating
Central: 1
Separate Meters: 1
Construction Materials
CBS: 1
Listing Terms
Cash: 1
Conventional: 1
Roof
Concrete: 1
Income and Expenses
Gross Income: 7050
Cooling
Central Air: 1
Association Type
Other Type of Association: 1
Showing Requirements
Call Listing Agent: 1
Tax Information
Tax Reflects No Exemptions: 1
Contingencies
None: 1
Buyer Details
Intended Use: Investment
Buyer State: Other
Zip Code: 33141
Concessions
Seller Concessions: No
Unit 1 Details
Actual Rent: 5400
Baths Full: 1
Beds Total: 1
Efficiency YN: No
SqFt: 666
Unit 1 Lease Description
Lease Term: Month To Month
Unit 1 Parking Features
On Street: 1
Unit 2 Details
Actual Rent: 1650
Baths Full: 1
Beds Total: 2
Efficiency YN: No
SqFt: 743
Unit 2 Lease Description
Lease Term: Month To Month
Unit 2 Parking Features
On Street: 1
Price Calculations
Current Price To SqFt: 352.22
Section Details
Parcel Number MLX: 1690
Financial Information
Association YN: 1
Association Fee Frequency: Annually
Tax Annual Amount: 10944
Tax Year: 2021
Tax Legal Description: BISCAYNE BEACH SUB PB 44-67 LOT 29 BLK 7 LOT SIZE 50.000 X 113 OR 16003-3004 0793 1
Originating Details
Originating System Key: 366612994
Originating System ID: M00000151
Property Features
Documents Available: Copy Of Lease(s); Deposit - Security; Deposit Held; Existing Survey; Investment Analysis; Other Available Information; Rent Rolls
Flooring: Concrete; Tile; Other
Property Condition: Resale
Structure Type: Multi Family
Construction Materials: CBS
Cooling: Central Air
Association Type: Other Type of Association
Heating: Central; Separate Meters
Listing Terms: Cash; Conventional
Possession: Negotiable
Roof: Concrete
Sewer: Public Sewer
Tax Information: Tax Reflects No Exemptions
Utilities: Cable Available
Showing Requirements: Call Listing Agent
Unit 1 Parking Features: On Street
Unit 2 Parking Features: On Street
Contingencies: None
Listing Office: Global Luxury Realty LLC
Last Updated: August - 11 - 2026
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