$1,400,000
$1,599,999
12.5%For more information regarding the value of a property, please contact us for a free consultation.
6,720 Sqft Lot
SOLD DATE : 07/10/2020
Key Details
Sold Price $1,400,000
Property Type Multi-Family
Sub Type Income/Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Lincoln Sub
MLS Listing ID F10224250
Sold Date 07/10/20
HOA Y/N No
Total Fin. Sqft 6720
Annual Tax Amount $31,189
Tax Year 2019
Lot Size 6,720 Sqft
Property Description
WOW Great Renovated 8 Plex in South Beach located 1.5 blocks from Lincoln Rd and a walking distance to Ocean Drive and Beautiful South Beach Nightlife, shopping and Beaches. Currently used as apartment rentals, may want to consider converting to condos, Air B and B or other uses. The site was zoned RM-1, by the City of Miami Beach. The unit mix was four-one bedroom/one bathroom units, two-two bedroom/one bathroom units and two-two bedroom/two bathroom units. Currently at below appraised and assessed value, property was appraised by an independent certified appraiser in February 2020 @ $1.7 Million. 40 year certification done in February of 2018. WOW $246 per sq ft.
Location
State FL
County Miami-dade County
Zoning 3900
Exterior
Utilities Available Cable Tv, Electric, Phone Line, Sewer, Trash Removal, Water
Waterfront No
Water Access N
Private Pool No
Building
Lot Description Less Than 1 Acre
Sewer Public Sanitation
Water Municipal Water
Others
Pets Allowed No
Ownership Corporation
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Corporation Owned Property
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