5974 5th Ter ,Quadruplex, Granada Groves No 3 for Sale

5974 5th Ter for Sale

Price $3,325,000.00

• Lot size 3492
• Year Build 1925
• Waterfront
• Zip 33144
• Style Detached, Old Spanish
• Parking Description
• Pool Yes
• Status Active

Description

12 UNITS MULTI FAMILY BUILDING, GENERATES 7% CAP RATE, ITS TW0 2 BEDROOMS, 1 BATHROOMS UNITS, TEN 1 BEDROOMS, 1 BATHROOMS UNITS. PERFECT BUILDING FOR A 1031 EXCHANGE OR BUY AND HOLD BUILDING, BLOCKS AWAY FROM CORAL GABLES. BUILDING WAS RENEWED RESENTLY, WAS FENCED FOR PRIVACY. READY FOR THE RIGHT BUYER.

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls=

1 54 40 GRANADA GROVES NO 3 PB 14-53 LOTS 7-8 BLK 2 LOT SIZE 115.200 X 100 OR 19963-3254 1001 1 COC 23096-1337 12 2004 1

1/4 To Less Than 1/2 Acre Lot

12 UNITS MULTI FAMILY BUILDING, GENERATES 7% CAP RATE, ITS TW0 2 BEDROOMS, 1 BATHROOMS UNITS, TEN 1 BEDROOMS, 1 BATHROOMS UNITS. PERFECT BUILDING FOR A 1031 EXCHANGE OR BUY AND HOLD BUILDING, BLOCKS AWAY FROM CORAL GABLES. BUILDING WAS RENEWED RESENTLY, WAS FENCED FOR PRIVACY. READY FOR THE RIGHT BUYER.

City:Miami,Zoning:0100,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2023,Latitude:25.7652948,Cooling Y N:1,Heating Y N:1,List Price:3325000,Listing Id:A11560613,Longitude:-80.2929735,Mls Status:Active,Year Built:1925,Living Area:3492,Postal Code:33144,Street Name:5th Ter,Coordinates:1:25.7652948,Photos Count:5,Building Name:GRANADA GROVES NO 3,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:40,M L S Area Major:Granada Groves No 3,On Market Date:2024-04-01,Parcel Number:01-40-01-006-0190,Parking Total:11,Property Type:Residential Income,Stories Total:2,Street Number:5974,M I A M I R E_ Style:Fourplex,Public Remarks:12 UNITS MULTI FAMILY BUILDING, GENERATES 7% CAP RATE, ITS TW0 2 BEDROOMS, 1 BATHROOMS UNITS, TEN 1 BEDROOMS, 1 BATHROOMS UNITS. PERFECT BUILDING FOR A 1031 EXCHANGE OR BUY AND HOLD BUILDING, BLOCKS AWAY FROM CORAL GABLES. BUILDING WAS RENEWED RESENTLY, WAS FENCED FOR PRIVACY. READY FOR THE RIGHT BUYER.,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,List Office Name:Paramount International Real Estate LLC,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Increase,Postal Code Plus4:3982,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:SW,Subdivision Name:GRANADA GROVES NO 3,Tax Annual Amount:18616,Total Actual Rent:267600,Unparsed Address:5974 SW 5th Ter, Miami FL 33144,Exterior Features:1:Exterior Lights,Listing Agreement:Exclusive Right To Sell,Operating Expense:47760,Year Built Details:Resale,Building Area Total:3492,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:952.1764,Original List Price:2300000,Previous List Price:3300000,Public Survey Range:40,Architectural Style:1:Old Spanish,I D X Participation Y N:1,Net Operating Income:219840,Number Of Units Total:12,Syndication Remarks:12 UNITS MULTI FAMILY BUILDING, GENERATES 7% CAP RATE, ITS TW0 2 BEDROOMS, 1 BATHROOMS UNITS, TEN 1 BEDROOMS, 1 BATHROOMS UNITS. PERFECT BUILDING FOR A 1031 EXCHANGE OR BUY AND HOLD BUILDING, BLOCKS AWAY FROM CORAL GABLES. BUILDING WAS RENEWED RESENTLY, WAS FENCED FOR PRIVACY. READY FOR THE RIGHT BUYER.,Listing Contract Date:2024-04-01,Originating System I D:miamire,Public Survey Section:1,Showing Instructions:24 Hour Notice,Call Listing Agent,Street Number Numeric:5974,Tax Legal Description:1 54 40 GRANADA GROVES NO 3 PB 14-53 LOTS 7-8 BLK 2 LOT SIZE 115.200 X 100 OR 19963-3254 1001 1 COC 23096-1337 12 2004 1,Public Survey Township:40,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2.5%,M I A M I R E_ Adjusted Area S F:3201,M I A M I R E_ Internet Remarks:12 UNITS MULTI FAMILY BUILDING, GENERATES 7% CAP RATE, ITS TW0 2 BEDROOMS, 1 BATHROOMS UNITS, TEN 1 BEDROOMS, 1 BATHROOMS UNITS.,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2024-04-01,Internet Address Display Y N:1,Number Of Units In Community:4,M I A M I R E_ Ok To Advertise List:No,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:952.18,