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Key Details
Sold Price $660,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,705 sqft
Price per Sqft $243
Subdivision East Liberty City Homesit
MLS Listing ID A11605319
Sold Date 09/06/24
Style Fourplex
Construction Status Resale
HOA Y/N No
Year Built 1947
Annual Tax Amount $11,994
Tax Year 2023
Contingent Pending Inspections
Property Description
CASH COW in burgeoning Liberty City! This spacious 2,738 SF mega home on a grand 12,200 SF corner lot is in a fantastic up-and-coming location, adjacent to the new Liberty Square 55-acre master-planned mixed-use neighborhood with residences, arts and culture, health centers, educational facilities, and parks and recreation. The updated original home is currently leased as a fourplex with under market rents, generating an impressive NOI of $61,000 per year—a solid 9-cap, with huge upside! Each “unit” has two bedrooms and one full bathroom, and the property is gated and fenced for ease of mind, with lots of parking and an oversized yard. If you’re looking to increase cashflow or make this your own personal compound, you’ll agree, it’s all upside with this property!
Location
State FL
County Miami-dade
Community East Liberty City Homesit
Area 31
Interior
Heating None
Cooling Central Air
Flooring Ceramic Tile
Exterior
Exterior Feature Security/High Impact Doors
Pool None
Utilities Available Cable Available
Roof Type Shingle
Total Parking Spaces 4
Building
Lot Description 1/4 to 1/2 Acre Lot
Story 2
Sewer Public Sewer
Architectural Style Fourplex
Level or Stories Two
Structure Type Block
Construction Status Resale
Others
Tax ID 01-31-14-020-0120
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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Bought with Miami New Realty
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