2379 172nd St ,Detached, Quadruplex, Fulford By The Sea Sec C for Sale

2379 172nd St for Sale

Price $1,895,000.00

• Lot size 5066
• Year Build 1969
• Waterfront
• Zip 33160
• Style Detached
• Parking Description
• Pool Yes
• Status Active

Description

Excellent location !!! for a two-story 6 Units Multifamily with central A/C and parking spaces. Remodeled interiors in 90% of the units. CBS & concrete block construction building with a flat roof. Hurricane windows panels. The unit mix is, 3 units 2/1 and 3 units 1/1. All units are rented and provide a steady cash flow, with a current gross rental income of $117.684.00 per year. High demand for quality rentals in this area has kept rent prices rising. Great neighborhood. This Property has proven strong performance. One Year Leases in place, some long term tenants. Room to increase Rent. Additional Income with laundry room. Gross Rental Income Estimate for the end of 2023 will be $132.360.00. Ideal for AirBnB in this Area.

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls=A11333188 DO NOT DISTURB TENANTS. Showing the Property only with Bank Approval Letter or proof of funds. I am Co-Owner of this property. Please send me the Inquires via email or Text . Additional information Attached.

FULFORD BY THE SEA SEC C AMD PB 25-8 LOTS 27 & 28 BLK 30 LOT SIZE 5750 SQ FT 73R 206444

Less Than 1/4 Acre Lot

Excellent location !!! for a two-story 6 Units Multifamily with central A/C and parking spaces. Remodeled interiors in 90% of the units. CBS & concrete block construction building with a flat roof. Hurricane windows panels. The unit mix is, 3 units 2/1 and 3 units 1/1. All units are rented and provide a steady cash flow, with a current gross rental income of $117.684.00 per year. High demand for quality rentals in this area has kept rent prices rising. Great neighborhood. This Property has proven strong performance. One Year Leases in place, some long term tenants. Room to increase Rent. Additional Income with laundry room. Gross Rental Income Estimate for the end of 2023 will be $132.360.00. Ideal for AirBnB in this Area.

City:North Miami Beach,Zoning:3800,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2022,Latitude:25.9350541,Cooling Y N:1,Heating Y N:1,List Price:1895000,Listing Id:A11333188,Longitude:-80.1528943,Mls Status:Active,Year Built:1969,Directions:GPS,Living Area:5066,Postal Code:33160,Street Name:172nd St,Coordinates:1:25.9350541,Photos Count:36,Building Name:FULFORD BY THE SEA SEC C,Days On Market:37,Listing Terms:1:Conventional,2:FHA,Lot Size Units:Square Feet,M L S Area Major:Fulford By The Sea Sec C,On Market Date:2023-01-25,Parcel Number:07-22-09-005-0860,Parking Total:6,Property Type:Residential Income,Rent Includes:1:Gardener,Stories Total:2,Street Number:2379,M I A M I R E_ Style:Fourplex,Public Remarks:Excellent location !!! for a two-story 6 Units Multifamily with central A/C and parking spaces. Remodeled interiors in 90% of the units. CBS & concrete block construction building with a flat roof. Hurricane windows panels. The unit mix is, 3 units 2/1 and 3 units 1/1. All units are rented and provide a steady cash flow, with a current gross rental income of $117.684.00 per year. High demand for quality rentals in this area has kept rent prices rising. Great neighborhood. This Property has proven strong performance. One Year Leases in place, some long term tenants. Room to increase Rent. Additional Income with laundry room. Gross Rental Income Estimate for the end of 2023 will be $132.360.00. Ideal for AirBnB in this Area.,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,Expiration Date:2023-06-22,List Office Name:Bustamante Investment Group LLC,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Back On Market,Postal Code Plus4:2957,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:NE,Subdivision Name:FULFORD BY THE SEA SEC C,Tax Annual Amount:14146,Unparsed Address:2379 NE 172nd St, North Miami Beach FL 33160,Listing Agreement:Exclusive Right To Sell,Year Built Details:Effective Year Built,Building Area Total:5066,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:374.0624,Original List Price:1895000,Public Survey Range:22,Documents Available:1:Investment Analysis,I D X Participation Y N:1,Number Of Units Total:6,Syndication Remarks:Excellent location !!! for a two-story 6 Units Multifamily with central A/C and parking spaces. Remodeled interiors in 90% of the units. CBS & concrete block construction building with a flat roof. Hurricane windows panels. The unit mix is, 3 units 2/1 and 3 units 1/1. All units are rented and provide a steady cash flow, with a current gross rental income of $117.684.00 per year. High demand for quality rentals in this area has kept rent prices rising. Great neighborhood. This Property has proven strong performance. One Year Leases in place, some long term tenants. Room to increase Rent. Additional Income with laundry room. Gross Rental Income Estimate for the end of 2023 will be $132.360.00. Ideal for AirBnB in this Area.,Listing Contract Date:2023-01-25,Originating System I D:miamire,Public Survey Section:9,Showing Instructions:See Broker Remarks,Street Number Numeric:2379,Tax Legal Description:FULFORD BY THE SEA SEC C AMD PB 25-8 LOTS 27 & 28 BLK 30 LOT SIZE 5750 SQ FT 73R 206444,Public Survey Township:22,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2%,M I A M I R E_ Adjusted Area S F:4110,Contract Status Change Date:2023-01-25,Number Of Units In Community:1,Transaction Broker Compensation:2%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:374.06,