1293 109th St ,Attached, Quadruplex, Amd Pl Bay Ridge for Sale

1293 109th St for Sale

Price $1,791,000.00

• Lot size 2810
• Year Build 1946
• Waterfront
• Zip 33161
• Style Attached
• Parking Description
• Pool Yes
• Status Active

Description

Rare opportunity to own a fully renovated property on a corner lot spanning 12,500 square feet. This unique multifamily property boasts 7 units, initially 5, all of which are currently rented, guaranteeing immediate rental income. Each unit showcases modern kitchens and bathrooms, providing a contemporary and upscale living experience. With 8 dedicated parking spaces and a newly paved driveway, The property has hurricane shutters on all windows. The cap rate for this property is 5%, making it an attractive investment opportunity. The property is professionally managed, providing peace of mind for the owner.

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls=A11391295 Please Text Mauricio at 7867778952 - It is fully leased, making an NOI of $84,000 - please do not disturb the Tenants.

32 52 42 AMD PL BAY RIDGE PB 20-8 LOTS 13 & 14 BLK 5 LOT SIZE 100.000 X 125 OR 18340-1823 1098 1

Less Than 1/4 Acre Lot

Rare opportunity to own a fully renovated property on a corner lot spanning 12,500 square feet. This unique multifamily property boasts 7 units, initially 5, all of which are currently rented, guaranteeing immediate rental income. Each unit showcases modern kitchens and bathrooms, providing a contemporary and upscale living experience. With 8 dedicated parking spaces and a newly paved driveway, The property has hurricane shutters on all windows. The cap rate for this property is 5%, making it an attractive investment opportunity. The property is professionally managed, providing peace of mind for the owner.

City:Miami,Zoning:3700,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2022,Latitude:25.8760229,Cooling Y N:1,Heating Y N:1,List Price:1791000,Listing Id:A11391295,Longitude:-80.1717587,Mls Status:Active,Year Built:1946,Living Area:2810,Postal Code:33161,Street Name:109th St,Coordinates:1:25.8760229,Photos Count:18,Building Name:AMD PL BAY RIDGE,Listing Terms:1:Conventional,2:FHA,Lot Size Units:Square Feet,M L S Area Major:Amd Pl Bay Ridge,On Market Date:2023-05-22,Parcel Number:30-22-32-006-0680,Parking Total:8,Property Type:Residential Income,Stories Total:1,Street Number:1293,M I A M I R E_ Style:Fourplex,Public Remarks:Rare opportunity to own a fully renovated property on a corner lot spanning 12,500 square feet. This unique multifamily property boasts 7 units, initially 5, all of which are currently rented, guaranteeing immediate rental income. Each unit showcases modern kitchens and bathrooms, providing a contemporary and upscale living experience. With 8 dedicated parking spaces and a newly paved driveway, The property has hurricane shutters on all windows. The cap rate for this property is 5%, making it an attractive investment opportunity. The property is professionally managed, providing peace of mind for the owner.,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,Expiration Date:2024-02-01,List Office Name:Avanti Way Realty,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:7329,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:NE,Subdivision Name:AMD PL BAY RIDGE,Tax Annual Amount:13028,Total Actual Rent:123864,Unparsed Address:1293 NE 109th St, Miami FL 33161,Listing Agreement:Exclusive Right To Sell,Operating Expense:43558,Year Built Details:Effective Year Built,Building Area Total:2810,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:637.3665,Original List Price:1791000,Public Survey Range:22,I D X Participation Y N:1,Net Operating Income:84655,Syndication Remarks:Rare opportunity to own a fully renovated property on a corner lot spanning 12,500 square feet. This unique multifamily property boasts 7 units, initially 5, all of which are currently rented, guaranteeing immediate rental income. Each unit showcases modern kitchens and bathrooms, providing a contemporary and upscale living experience. With 8 dedicated parking spaces and a newly paved driveway, The property has hurricane shutters on all windows. The cap rate for this property is 5%, making it an attractive investment opportunity. The property is professionally managed, providing peace of mind for the owner.,Listing Contract Date:2023-05-22,Originating System I D:miamire,Public Survey Section:32,Showing Instructions:Appointment Only,Street Number Numeric:1293,Tax Legal Description:32 52 42 AMD PL BAY RIDGE PB 20-8 LOTS 13 & 14 BLK 5 LOT SIZE 100.000 X 125 OR 18340-1823 1098 1,Public Survey Township:22,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:1%,M I A M I R E_ Adjusted Area S F:2781,Contract Status Change Date:2023-05-22,Internet Address Display Y N:1,Number Of Units In Community:2,Internet Consumer Comment Y N:1,Transaction Broker Compensation:3%,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:637.37,Internet Automated Valuation Display Y N:1,