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125 shore drive Miami Beach, FL 33141
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Key Details
Sold Price $950,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Normandy Golf Course
MLS Listing ID A10544752
Style Fourplex
Year Built 1947
Annual Tax Amount $9,683
Tax Year 2017
Property Description
Beautifully renovated boutique building with 4 units and a large backyard. All units are 1/1 and are currently rented with yearly lease with security deposits. Building has been fully renovated, units are updated with new kitchen, new baths, split AC units, impact windows and washer/dryer in each unit. Two assigned parking spots per unit. Well maintained building with low operating expenses bring this investement property to a 4.7% net Cap Rate. Great potential groth with option to built an additional 4/5 unis on the property.
Location
State FL
County Miami-dade County
Community Normandy Golf Course
Area 32
Interior
Heating Heat Pump
Cooling Electric
Flooring Ceramic Tile, Wood
Exterior
Exterior Feature Balcony, Security/High Impact Doors, Lighting, Room For Pool
Pool None
Utilities Available Cable Available
Roof Type Shingle
Building
Lot Description < 1/4 Acre
Story 2
Sewer Public Sewer
Structure Type Brick,Block
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Coldwell Banker Realty