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16041-16031 NE 18th Pl North Miami Beach, FL 33162
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Key Details
Sold Price $1,250,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 5,676 sqft
Price per Sqft $220
Subdivision Fulford Heights
MLS Listing ID A10997096
Sold Date 09/14/21
Style Fourplex
Construction Status Resale
HOA Y/N No
Year Built 1957
Annual Tax Amount $7,700
Tax Year 2020
Contingent Pending Inspections
Property Description
Very well located, high performance 8 unit multifamily, close to major roads such as 95, 826, 163, Biscayne, Collins, shopping plazas, Aventura Mall providing a large pool of workforce that keeps the vacancy very low. New Roofs on both buildings, 6 out of 8 units are remodeled. Take advantage of the low market interest rates, great cash on cash deal! Buildings Net Rent Income is $85,378 YTD, Yields 7% if paid in cash. Do not disturbed the tenants (Financials Attached) YTD Taxes $16,000 Insurance $9,300 Water $5,950 Electricity $1,440 Grass $720
Location
State FL
County Miami-dade County
Community Fulford Heights
Area 22
Interior
Heating Central, Electric
Cooling Central Air, Ceiling Fan(s), Electric
Flooring Other
Exterior
Pool None
Utilities Available Cable Not Available
Roof Type Shingle
Total Parking Spaces 9
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
Architectural Style Fourplex
Level or Stories One
Structure Type Block
Construction Status Resale
Others
Tax ID 07-22-16-016-1080
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Conventional
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Bought with EFA Realty