$2,900,000
$3,449,000
15.9%For more information regarding the value of a property, please contact us for a free consultation.
6,200 SqFt
SOLD DATE : 09/01/2023
Key Details
Sold Price $2,900,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 6,200 sqft
Price per Sqft $467
Subdivision Island House South Condo
MLS Listing ID A11406146
Sold Date 09/01/23
Style Fourplex
Construction Status Resale
HOA Y/N No
Year Built 1964
Annual Tax Amount $22,657
Tax Year 2022
Contingent No Contingencies
Property Description
Well-maintained 4plex with some of the largest single floor rental units in all of Bay Harbor Islands. All units are 1525SF, true 3 bedroom/2 bath corner units. Increase income potential to a conservative 8% ROI by converting to legal AirBnB hotel with resort-style pool and rear entertainment space. Building is entirely outfitted with impact windows and doors. 2 units have washer and dryer systems ensuite, other units use well-kept community laundry room downstairs. All units separately metered. Turnkey investment in highly desirable Bay Harbor Islands, once the best kept secret of Miami. Walking distance to places of worship, turquoise beaches of Bal Harbour and Surfside, and world class dining and shopping. Strong rental market. Home to A++ Ruth K Broad K-8 school.
Location
State FL
County Miami-dade County
Community Island House South Condo
Area 22
Interior
Heating Central
Cooling Central Air
Flooring Tile
Window Features Impact Glass
Exterior
Exterior Feature Balcony, Security/High Impact Doors, Outdoor Shower
Pool In Ground, Pool
Community Features Laundry Facilities
Utilities Available Cable Available
Waterfront No
Roof Type Flat
Porch Balcony, Open
Total Parking Spaces 7
Building
Lot Description < 1/4 Acre
Story 2
Sewer Public Sewer
Water Public
Architectural Style Fourplex
Level or Stories Two
Structure Type Block
Construction Status Resale
Others
Tax ID 13-22-27-059-0010
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Listed As-Is
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