$740,000
$730,000
1.4%For more information regarding the value of a property, please contact us for a free consultation.
2,155 SqFt
SOLD DATE : 08/05/2022
Key Details
Sold Price $740,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,155 sqft
Price per Sqft $343
Subdivision Collingwood
MLS Listing ID A11188395
Sold Date 08/05/22
Style Fourplex
Construction Status Resale
HOA Y/N No
Year Built 1950
Annual Tax Amount $8,977
Tax Year 2021
Contingent Pending Inspections
Property Description
The property is located at 3045 SW 1 ST Miami, FL 33125. The list price is $730,000. The building has 4-units, all 1Bed/1Bath. New roof in 2021, updated electrical and 40-Year certification completed in 2021. Each unit has wall-unit A/Cs. The building is fully occupied with long-term tenants and they are all Month-to-Month. The property is a cash cow with low expenses and maintenance, no need to hire a waste management company as it is picked up by the city. With some TLC this building can achieve just under $5,000/month in Potential Gross Income, based on market rents. This is a great opportunity for a first time buyer in the multifamily industry or even a veteran looking to expand his portfolio. This is a great investment property and can be used for short-term rental/AirBnB.
Location
State FL
County Miami-dade County
Community Collingwood
Area 41
Direction The Property has great location and it is only a few miles from Coral Gables, Brickell, Downtown, Marlins Park, Wynwood and Miami Intl Airport. It also has easy access to Miami’s main expressways, such as the 112, 836 and the I-95.
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Terrazzo, Tile
Exterior
Pool None
Utilities Available Cable Available
Waterfront No
Roof Type Composition
Total Parking Spaces 4
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 01-41-04-013-0330
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
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Bought with Manny Do All, LLC
Miami & South Florida Market Expert, Property Manager, Trusted Professional REALTOR®, Zillow Premier Agent & Real Estate Professional