Miami, FL 33161,265 NE 118 Terrace
$789,000
$799,000
1.3%
Est.Price: ?

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2,551 SqFt

265 NE 118 Terrace Miami, FL 33161

Est. payment /mo
SOLD DATE : 09/26/2022

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Key Details

Sold Price $789,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,551 sqft

Price per Sqft $309

Subdivision Halock-Sec 1

MLS Listing ID A11252568

Sold Date 09/26/22

Construction Status Effective Year Built

HOA Y/N No

Year Built 1959

Annual Tax Amount $8,264

Tax Year 2021

Contingent Pending Inspections

Property Description

Great opportunity to own a well maintained triplex in the heart of Miami. Long term tenants with upside potential to increase revenue once the leases renew. Unit #1 (1/1) $1,050 Lease Expires on 6/1/23. Unit #2 (1/1) $1,100 Lease Expires on 12/31/22. Unit #3 (2/2) $1,300 Lease Expires on 12/31/22. Roof was recently replaced (about 5 yrs ago) and a new drain field installed in 2012. Property is equipped with hurricane shutters for all windows and doors. Each unit features its own dedicated washer/dryer as well as a dedicated backyard/porch. Each unit has individual electric meter and ONE Master Water Meter which is paid by the Landlord. Property has lots of opportunity for upside potential to increase revenue and plenty of room to add a pool on this oversize lot of 15,560 sq/ft.

Location

State FL

County Miami-dade County

Community Halock-Sec 1

Area 22

Interior

Heating Space Heater

Cooling Ceiling Fan(s), Electric, Wall/Window Unit(s)

Flooring Parquet, Tile

Window Features Drapes

Exterior

Exterior Feature Room For Pool

Pool None

Utilities Available Cable Available

Roof Type Shingle

Total Parking Spaces 3

Building

Lot Description 1/4 to 1/2 Acre Lot

Story 1

Sewer Septic Tank

Water Public

Level or Stories One

Structure Type Block

Construction Status Effective Year Built

Others

Tax ID 30-22-31-036-0550

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Financing Conventional

Special Listing Condition Listed As-Is

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Listed by Julies Realty, LLC
Bought with The Keyes Company

Learn More About LPT Realty

agent

Linda Hatooka

Broker Associate | License ID: BK3354240

+1(215) 378-5533

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