$1,315,000
$1,585,000
17.0%For more information regarding the value of a property, please contact us for a free consultation.
1442 SW 3rd St Miami, FL 33135
4,697 SqFt
Key Details
Sold Price $1,315,000
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,697 sqft
Price per Sqft $279
MLS Listing ID A10790559
Year Built 1921
Annual Tax Amount $10,008
Tax Year 2019
Lot Size 7,500 Sqft
Property Sub-Type Multi Family
Property Description
6 Units High Cash Flow Opportunity with 7.5 % Cap Rate. Fully stabilized multifamily asset with separate onsite commercial laundry facility. The property consists of Three structures , 2 building with 4 units 2 bed 1 bath and a 2 unit building in the rear with 4 beds 2 bath total 6 units. Plus a very profitable onsite commercial laundry facility. Laundry has separate business license servicing the building & neighboring buildings with 10 commercial washer and 10 commercial gas dryer producing f $5000-5400/month. netting $4000/4300 All machines are owned and conveyed with the sale. Property has new drain system, driveway, impact windows all units redone completely ,fencing electric parking gate and 6 parking spaces. 2 bed 1 bath rented $1300/1350 . 4 bed 2 bath rented $1950/1990
Location
State FL
County Miami-dade County
Area 41
Interior
Heating Central
Cooling Central Air
Flooring Ceramic Tile, Other
Exterior
Roof Type Shingle
Building
Story 2
Structure Type Block
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Coldwell Banker Realty