$2,500,000
Miami Beach, FL 33139
MLS# A10546765
Status: Closed
8219 sqft
1 / 14
Property Description
Chic & easily manageable investment property in the heart of South Beach. The project was finished in 2017.The property is comprised of two buildings, a fully reconfigured and converted 2-story 1936 historic art deco in the front of the lot, and a newly built 3-story building with 2 private breath-taking rooftop terraces & 4 covered parking spaces in the rear of the lot. The deco building features 4 identical 2 bed 2 bath units, while the new building features a large 2/2 at the ground level, and two 3 bed 3 bath 2-story townhouses on top. Call listing agent to tour the property and to receive additional information & most up-to-date financials.
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2018-09-20
Status: Closed
Original List Price: 3700000
Sold Price: $2,500,000
Current Price: $2,500,000
Location and Legal
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
City Name: Miami Beach
Municipal Code: 2
Postal Zip: 33139
Subdivision Number: 9
Flood Zone: AE
Country: United States
Street Number: 825
Street Name: Michigan
Street Suffix: Avenue
State Or Province: FL
Postal Code: 33139
Postal Code +4: 5619
Subdivision Name: OCEAN BEACH ADDN NO 3
Area: 2420
Parcel Number: 0242030096650
Zoning: 3900
General Property Information
Number Of Units Total: 4
Adjusted Area Main: 7874
Living Area Main: 8219
Lot Size Dimensions: 7000
Parking Total: 4
Outdoor Living Spaces YN: Yes
Stories Total: 3
Pool Private YN: No
Property Sub Type: Quadruplex
Building Area Main: 8219
Year Built: 2017
Office/Member Information
DXORIGMLSID: SEF
Status Change Information
Buyer Financing: Cash
Major Change Timestamp: 2022-01-27T16:37:30Z
Major Change Type: Status Change
Price Change Timestamp: 2021-04-15T22:29:19Z
Status Change Date: 2022-08-19
Under Contract Date: 2021-10-12
Close Date: 2022-01-27
Close Price: 2500000
Electric
Circuit Breakers: 1
Exterior Features
Barbecue: 1
Lighting: 1
Flooring
Ceramic Tile: 1
Concrete: 1
Property Condition
New Construction: 1
Updated/Remodeled: 1
Fencing
Fenced: 1
Structure Type
Multi Family: 1
Possession
Negotiable: 1
Sewer
Public Sewer: 1
Utilities
Cable Available: 1
Heating
Central: 1
Construction Materials
Block: 1
CBS: 1
Listing Terms
Assumable: 1
Cash: 1
Conventional: 1
Owner Will Carry: 1
Roof
Concrete: 1
Tar/Gravel: 1
Income and Expenses
Gross Income: 19600
Net Operating Income: 181578
Cooling
Central Air: 1
Showing Requirements
Call Listing Agent: 1
Storm Protection
Impact Glass: Complete
Tax Information
Tax Reflects No Exemptions: 1
Outdoor Living Spaces
Balcony: 1
Patio: 1
Balcony Details
Balcony - Open: 1
Contingencies
Inspection: 1
Buyer Details
Intended Use: Investment
Concessions
Seller Concessions: No
Unit 1 Appliances
Dishwasher: 1
Dryer: 1
Washer: 1
Unit 1 Details
Actual Rent: 8600
Baths Full: 8
Beds Total: 8
Efficiency YN: No
Furnished: Unfurnished
SqFt: 3012
Unit 1 Lease Description
Currently Leased YN: Yes
Unit 1 Other Equipment
Air Conditioning Unit: 1
Fire Sprinklers: 1
Smoke Detector(s): 1
Washer/Dryer Hookups: 1
Unit 1 Parking Details
Carport YN: Yes
Unit 2 Appliances
Dishwasher: 1
Dryer: 1
Washer: 1
Unit 2 Details
Actual Rent: 3000
Baths Full: 2
Beds Total: 2
Efficiency YN: No
Furnished: Unfurnished
SqFt: 1150
Unit 2 Lease Description
Currently Leased YN: Yes
Unit 2 Other Equipment
Air Conditioning Unit: 1
Fire Sprinklers: 1
Smoke Detector(s): 1
Washer/Dryer Hookups: 1
Unit 2 Parking Details
Carport YN: Yes
Unit 3 Appliances
Dishwasher: 1
Dryer: 1
Washer: 1
Unit 3 Details
Actual Rent: 4000
Baths Full: 3
Beds Total: 3
Efficiency YN: No
Furnished: Unfurnished
SqFt: 1700
Unit 3 Lease Description
Currently Leased YN: Yes
Unit 3 Other Equipment
Air Conditioning Unit: 1
Fire Sprinklers: 1
Smoke Detector(s): 1
Washer/Dryer Hookups: 1
Unit 3 Parking Details
Carport YN: Yes
Unit 4 Appliances
Dishwasher: 1
Dryer: 1
Unit 4 Details
Actual Rent: 4000
Baths Full: 3
Beds Total: 3
Efficiency YN: No
Furnished: Unfurnished
SqFt: 1700
Unit 4 Lease Description
Currently Leased YN: Yes
Unit 4 Other Equipment
Air Conditioning Unit: 1
Fire Sprinklers: 1
Smoke Detector(s): 1
Washer/Dryer Hookups: 1
Unit 4 Parking Details
Carport YN: Yes
Price Calculations
Current Price To SqFt: 304.17
Section Details
Parcel Number MLX: 6650
Financial Information
Tax Annual Amount: 26237
Tax Year: 2017
Tax Legal Description: OCEAN BEACH ADD NO 3 PB 2-81 LOT 11 BLK 87 LOT SIZE 50.000 X 140 OR 18696-2816 0799 1 COC 25026-2650 10 2006 4
Originating Details
Originating System Key: 302352559
Originating System ID: M00000151
Property Features
Electric: Circuit Breakers
Exterior Features: Barbecue; Lighting
Fencing: Fenced
Flooring: Ceramic Tile; Concrete
Property Condition: New Construction; Updated/Remodeled
Structure Type: Multi Family
Construction Materials: Block; CBS
Cooling: Central Air
Heating: Central
Listing Terms: Assumable; Cash; Conventional; Owner Will Carry
Possession: Negotiable
Roof: Concrete; Tar/Gravel
Sewer: Public Sewer
Tax Information: Tax Reflects No Exemptions
Utilities: Cable Available
Showing Requirements: Call Listing Agent
Outdoor Living Spaces: Balcony; Patio
Balcony Details: Balcony - Open
Unit 1 Appliances: Dishwasher; Dryer; Washer
Unit 1 Other Equipment: Air Conditioning Unit; Fire Sprinklers; Smoke Detector(s); Washer/Dryer Hookups
Unit 2 Appliances: Dishwasher; Dryer; Washer
Unit 2 Other Equipment: Air Conditioning Unit; Fire Sprinklers; Smoke Detector(s); Washer/Dryer Hookups
Unit 3 Appliances: Dishwasher; Dryer; Washer
Unit 3 Other Equipment: Air Conditioning Unit; Fire Sprinklers; Smoke Detector(s); Washer/Dryer Hookups
Unit 4 Appliances: Dishwasher; Dryer
Unit 4 Other Equipment: Air Conditioning Unit; Fire Sprinklers; Smoke Detector(s); Washer/Dryer Hookups
Contingencies: Inspection
Listing Office: Coldwell Banker Realty
Last Updated: August - 11 - 2026
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