$3,455,000
$3,590,999
3.8%For more information regarding the value of a property, please contact us for a free consultation.
8,937 SqFt
SOLD DATE : 07/01/2025
Key Details
Sold Price $3,455,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 8,937 sqft
Price per Sqft $386
MLS Listing ID A11780572
Sold Date 07/01/25
HOA Y/N No
Year Built 1925
Annual Tax Amount $12,333
Contingent No Contingencies
Lot Size 7,500 Sqft
Property Sub-Type Multi Family
Property Description
Turnkey investment—ideal for hands-off investors or an owner-occupant looking to live in one unit and rent the rest. Newly built and fully occupied 12-unit multifamily in Little Havana, grossing nearly $300K annually. Low insurance premiums due to new construction. Special zoning program to increase densities; 3 units must be rented to Section 8 tenants, with no rent caps. Unit mix: 4 two-bedrooms, 3 one-bedrooms, 5 studios. Prime location near Brickell, Downtown, Coral Gables, and the Civic Center. Rapidly transitioning area with rising rents and strong tenant demand.
Location
State FL
County Miami-dade
Area 41
Interior
Heating Central
Cooling Central Air
Exterior
Private Pool Yes
Others
Tax ID 01-41-02-006-3760
Financing 1031 Exchange
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Bought with Brickellmania, LLC.
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