1145 101st St ,Attached, Quadruplex, Island House South Condo for Sale

1145 101st St for Sale

Price $3,449,000.00

• Lot size 6200
• Year Build 1964
• Waterfront
• Zip 33154
• Style Attached
• Parking Description
• Pool Yes In Ground
• Status Pending

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.

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls=A11406146 1 unit vacant and available to show. Other 3 rented to long term tenants and will be accessible during due diligence. Building has camera surveillance, please do not disturb tenants and walk-on property without authorization. See attachments for AirBnB Pro Forma, NOI and Survey.

ISLAND HOUSE SOUTH CONDO UNIT 1 UNDIV 25% INT IN COMMON ELEMENTS OFF REC 10237-1766 OR 13300-3912 0587 1

Less Than 1/4 Acre Lot

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.

City:Bay Harbor Islands,Zoning:4500,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2022,Latitude:25.8917518,Cooling Y N:1,Heating Y N:1,List Price:3449000,Listing Id:A11406146,Longitude:-80.1323646,Mls Status:Pending,Year Built:1964,Living Area:6200,Postal Code:33154,Street Name:101st St,Coordinates:1:25.8917518,Photos Count:38,Building Name:ISLAND HOUSE SOUTH CONDO,Days On Market:25,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M L S Area Major:Island House South Condo,On Market Date:2023-06-19,Parcel Number:13-22-27-059-0010,Parking Total:7,Property Type:Residential Income,Rent Includes:1:Pest Control,2:Pool Maintenance,3:Sewer,4:Trash Collection,5:Water,Stories Total:2,Street Number:1145,M I A M I R E_ Style:Fourplex,Public Remarks: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.,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,Expiration Date:2023-10-18,List Office Name:The Bay Harbor View,M I A M I R E_ Pool Y N:1,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:1525,Property Sub Type:Quadruplex,State Or Province:FL,Subdivision Name:ISLAND HOUSE SOUTH CONDO,Tax Annual Amount:22657,Unparsed Address:1145 101st St, Bay Harbor Islands FL 33154,Exterior Features:1:Outdoor Shower,Listing Agreement:Exclusive Agency,Year Built Details:Resale,Building Area Total:6200,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:556.2903,Original List Price:3495000,Previous List Price:3495000,Public Survey Range:22,Documents Available:1:Deposit - Security,2:Copy Of Lease(S),3:Rent Rolls,4:Existing Survey,I D X Participation Y N:1,Number Of Units Total:4,Syndication Remarks: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.,Listing Contract Date:2023-06-19,Originating System I D:miamire,Public Survey Section:27,Showing Instructions:24 Hour Notice,See Broker Remarks,Showing Assist,Street Number Numeric:1145,Tax Legal Description:ISLAND HOUSE SOUTH CONDO UNIT 1 UNDIV 25% INT IN COMMON ELEMENTS OFF REC 10237-1766 OR 13300-3912 0587 1,Public Survey Township:22,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2.0%,M I A M I R E_ Adjusted Area S F:6200,Contract Status Change Date:2023-06-19,Internet Address Display Y N:1,Number Of Units In Community:1,Transaction Broker Compensation:2.0%,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:556.29,