442 59th Ter ,Attached, Quadruplex, Little Haiti for Sale

442 59th Ter for Sale

Price $1,199,995.00

• Lot size 3303
• Year Build 1937
• Waterfront
• Zip 33127
• Style Attached
• Parking Description
• Pool Yes
• Status Active

Description

Updated 5-plex situated on a 11,600sf double lot zoned T3-0. Pro-forma 8.29% cap rate by increasing rents to market. All tenants are month to month. Property has (3) separate structures providing 3,203sf of living area. Three units are 2/1's and two are 1/1's. New upgrades include roof, hurricane-impact windows, plumbing, kitchen, floors and bathrooms. Little Haiti has an exciting future located minutes from Wynwood with major new projects like the Innovation District and plans to redevelop 65-acres into 5,000 workforce housing. Please DO NOT disturb tenants. Showing request approved after an offer is presented.

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls=A11459148 Please DO NOT disturb tenants. Showing request approved after an offer is presented.

COLLEGE PARK PB 9-61 LOTS 13 & 14 BLK 3 LOT SIZE 100.000 X 116 OR 20937-2643 01 2003 1 COC 25102-4793 10 2006 1

Less Than 1/4 Acre Lot

Updated 5-plex situated on a 11,600sf double lot zoned T3-0. Pro-forma 8.29% cap rate by increasing rents to market. All tenants are month to month. Property has (3) separate structures providing 3,203sf of living area. Three units are 2/1's and two are 1/1's. New upgrades include roof, hurricane-impact windows, plumbing, kitchen, floors and bathrooms. Little Haiti has an exciting future located minutes from Wynwood with major new projects like the Innovation District and plans to redevelop 65-acres into 5,000 workforce housing. Please DO NOT disturb tenants. Showing request approved after an offer is presented.

City:Miami,Zoning:5700,Cooling:1:Central Air,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2022,Flooring:1:Other,Latitude:25.8300257,Cooling Y N:1,Heating Y N:1,List Price:1199995,Listing Id:A11459148,Longitude:-80.2040913,Mls Status:Active,Year Built:1937,Living Area:3203,Postal Code:33127,Street Name:59th Ter,Coordinates:1:25.8300257,Photos Count:28,Building Name:LITTLE HAITI,Days On Market:123,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:31,M L S Area Major:Little Haiti,On Market Date:2023-10-16,Parcel Number:01-31-13-030-0430,Parking Total:8,Property Type:Residential Income,Rent Includes:1:Gardener,2:Sewer,Stories Total:2,Street Number:442,M I A M I R E_ Style:Fourplex,Public Remarks:Updated 5-plex situated on a 11,600sf double lot zoned T3-0. Pro-forma 8.29% cap rate by increasing rents to market. All tenants are month to month. Property has (3) separate structures providing 3,203sf of living area. Three units are 2/1's and two are 1/1's. New upgrades include roof, hurricane-impact windows, plumbing, kitchen, floors and bathrooms. Little Haiti has an exciting future located minutes from Wynwood with major new projects like the Innovation District and plans to redevelop 65-acres into 5,000 workforce housing. Please DO NOT disturb tenants. Showing request approved after an offer is presented.,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,List Office Name:Compass Florida, LLC.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:1230,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:NW,Subdivision Name:LITTLE HAITI,Tax Annual Amount:6951,Unparsed Address:442 NW 59th Ter, Miami FL 33127,Listing Agreement:Exclusive Right To Sell,Year Built Details:Effective Year Built,Building Area Total:3303,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:374.6472,Original List Price:1299000,Previous List Price:1250000,Public Survey Range:31,I D X Participation Y N:1,Number Of Units Total:5,Syndication Remarks:Updated 5-plex situated on a 11,600sf double lot zoned T3-0. Pro-forma 8.29% cap rate by increasing rents to market. All tenants are month to month. Property has (3) separate structures providing 3,203sf of living area. Three units are 2/1's and two are 1/1's. New upgrades include roof, hurricane-impact windows, plumbing, kitchen, floors and bathrooms. Little Haiti has an exciting future located minutes from Wynwood with major new projects like the Innovation District and plans to redevelop 65-acres into 5,000 workforce housing. Please DO NOT disturb tenants. Showing request approved after an offer is presented.,Listing Contract Date:2023-10-16,Originating System I D:miamire,Public Survey Section:13,Showing Instructions:Appointment Only,Call Listing Agent,List Agent Must Accompany,Street Number Numeric:442,Tax Legal Description:COLLEGE PARK PB 9-61 LOTS 13 & 14 BLK 3 LOT SIZE 100.000 X 116 OR 20937-2643 01 2003 1 COC 25102-4793 10 2006 1,Public Survey Township:31,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Adjusted Area S F:881,M I A M I R E_ Internet Remarks:Please DO NOT disturb tenants. Showing request approved after an offer is presented.,Contract Status Change Date:2023-10-16,Internet Address Display Y N:1,Transaction Broker Compensation:2.5%,Internet Entire Listing Display Y N:1,M I A M I R E_ Compensation Disclaimer:BBC: 2.5%, The offer of compensation is made only to participants of the MLS where the listing is filed.,Transaction Broker Compensation Type:%,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:374.65,