Bought with Non-Member Selling Office
$2,528,650
$700,000
261.2%For more information regarding the value of a property, please contact us for a free consultation.
16 Baths
7,138 SqFt
SOLD DATE : 06/22/2021
Key Details
Sold Price $2,528,650
Property Type Commercial
Sub Type MultiFamily (5+ Units)
Listing Status Sold
Purchase Type For Sale
Square Footage 7,138 sqft
Price per Sqft $354
MLS Listing ID RX-10695086
Sold Date 06/22/21
Construction Status Resale
Year Built 1957
Annual Tax Amount $40,288
Tax Year 2019
Lot Size 6,969 Sqft
Property Sub-Type MultiFamily (5+ Units)
Property Description
FANTASTIC 16 UNIT CORNER CBS APARTMENT BUILDING ON 7TH STREET IN THE BEST AREA IN SOUTH BEACH, THIS DESIRABLE 2 STORY BUILDING IS COMPRISED OF 2-1/1'S AND 14 EFFICIENCY UNITS. LOCATED IN BETWEEN EUCLID AVE AND MERIDIAN AVE, THE PROPERTY RESIDES IN A HIGH DEMAND LOCATION AND FEATURES GREAT UPSIDE AS WHILE SOME UNITS ARE RENOVATED, SOME CAN STILL BENEFIT FROM A UNIT IMPROVEMENT PROGRAM. IN ADDITION, RENTS ARE LOW FOR THE AREA. PROPERTY IS BEING SOLD THROUGH AN ONLINE AUCTION; EVENT TO BE HELD MAY 18-20, PRICE IS SUBJECT TO A 3% BUYER'S PREMIUM TO BE PAID BY BUYER AT CLOSING. PRE-AUCTION DEALS ARE WELCOMED. ***PRICE LISTED IS AUCTION MINIMUM BID***
Location
State FL
County Miami-dade
Area 2420
Zoning RM-1
Interior
Heating Other
Cooling Wall-Win A/C
Flooring Other
Fireplaces Type Smoke Detector
Exterior
Community Features City Jurisdiction, Corporate Owned, Presently Leased
Utilities Available Gas Natural, Public Sewer, Public Water, Separate Meter
Roof Type Other
Present Use City Jurisdiction,Corporate Owned,Presently Leased
Building
Story 100.00
Foundation CBS
Construction Status Resale
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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