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850 NW 2nd St Miami, FL 33128
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Key Details
Sold Price $1,110,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 5,314 sqft
Price per Sqft $208
Subdivision Brickell Riverview
MLS Listing ID A11295079
Sold Date 02/02/23
Style Fourplex
Construction Status Effective Year Built
HOA Y/N No
Year Built 1918
Annual Tax Amount $12,868
Tax Year 2022
Contingent No Contingencies
Property Description
Fausto Commercial presents a great opportunity to invest in East Little Havana. This property is in a very desirable pocket of Little Havana, Riverview. Area is surrounded by future developments sites that will modernize the area. This property consist of 9 legal units. There is a single family house in the front of the property with 4 bedrooms and 2 bathrooms rented at $3,000 per month, Behind that structure is a two story, block construction, 8 unit building. All units in the rear structure consist of 1 bedroom 1 bathroom units rented below market giving you immediate upside to increase income. It is fully occupied and each unit pays $1150. Great value add opportunity. Total Monthly Gross income $12,200
Location
State FL
County Miami-dade County
Community Brickell Riverview
Area 41
Interior
Heating Central
Cooling Central Air
Flooring Vinyl
Exterior
Pool None
Utilities Available Cable Not Available
Roof Type Flat,Shingle
Total Parking Spaces 2
Building
Lot Description < 1/4 Acre
Story 2
Sewer Public Sewer
Architectural Style Fourplex
Level or Stories Two
Structure Type Block,Frame,Stucco
Construction Status Effective Year Built
Others
Tax ID 01-41-38-003-3310
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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Bought with Fausto Commercial Realty Consultants Inc