1808 3rd St ,Detached, Quadruplex, Idlewild Park for Sale

1808 3rd St for Sale

Price $1,399,999.00

• Lot size 3988
• Year Build 1930
• Waterfront
• Zip 33135
• Style Detached
• Parking Description
• Pool Yes
• Status Active With Contract

Description

Investors- Navigate to this cash flowing property in a historic area. The prime location is close to Calle Ocho and Brickell which has alot of new multi family development. The building is zoned mixed use and features 6x1/1 apartments and 1 convenience store. Gated access to top floor which features 4x1/1 apartments. 1 apartment in the front of the building and 1x1/1 at the rear. The store has a separate storage building with electric and privacy fence from the building common yard area. 40 year recertification is approved and recorded. No code violations and all units have separate meters. 1 water meter. 5x1/1 paying $1300 and 1x1/1 paying $1200. Convenience store paying $3000 and in process of negotiating higher. All units have leases. 7%+ cap rate. No seller financing. Contract to view.

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls=A11430915

3 54 41 IDLEWILD PARK PB 2-87 LOT 1 LESS S96FT BLK 41 LOT SIZE 4900 SQUARE FEET OR 18708-3335 0799 1 COC 24272-0862 02 2006 1

Less Than 1/4 Acre Lot

Investors- Navigate to this cash flowing property in a historic area. The prime location is close to Calle Ocho and Brickell which has alot of new multi family development. The building is zoned mixed use and features 6x1/1 apartments and 1 convenience store. Gated access to top floor which features 4x1/1 apartments. 1 apartment in the front of the building and 1x1/1 at the rear. The store has a separate storage building with electric and privacy fence from the building common yard area. 40 year recertification is approved and recorded. No code violations and all units have separate meters. 1 water meter. 5x1/1 paying $1300 and 1x1/1 paying $1200. Convenience store paying $3000 and in process of negotiating higher. All units have leases. 7%+ cap rate. No seller financing. Contract to view.

City:Miami,Zoning:3900,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2023,Latitude:25.7695678,Cooling Y N:1,Heating Y N:1,List Price:1399999,Listing Id:A11576545,Longitude:-80.2250026,Mls Status:Active With Contract,Year Built:1930,Living Area:3988,Postal Code:33135,Street Name:3rd St,Coordinates:1:25.7695678,Photos Count:8,Building Name:IDLEWILD PARK,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:41,M L S Area Major:Idlewild Park,On Market Date:2024-04-26,Parcel Number:01-41-03-014-1660,Property Type:Residential Income,Stories Total:2,Street Number:1808,M I A M I R E_ Style:Fourplex,Public Remarks:Investors- Navigate to this cash flowing property in a historic area. The prime location is close to Calle Ocho and Brickell which has alot of new multi family development. The building is zoned mixed use and features 6x1/1 apartments and 1 convenience store. Gated access to top floor which features 4x1/1 apartments. 1 apartment in the front of the building and 1x1/1 at the rear. The store has a separate storage building with electric and privacy fence from the building common yard area. 40 year recertification is approved and recorded. No code violations and all units have separate meters. 1 water meter. 5x1/1 paying $1300 and 1x1/1 paying $1200. Convenience store paying $3000 and in process of negotiating higher. All units have leases. 7%+ cap rate. No seller financing. Contract to view.,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,List Office Name:Navigate Real Estate, LLC.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:1943,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:SW,Subdivision Name:IDLEWILD PARK,Tax Annual Amount:8059,Total Actual Rent:10700,Unparsed Address:1808 SW 3rd St, Miami FL 33135,Listing Agreement:Exclusive Agency,Operating Expense:27100,Year Built Details:Resale,Building Area Total:3988,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:351.0529,Original List Price:1399999,Public Survey Range:41,I D X Participation Y N:1,Net Operating Income:102455,Number Of Units Total:7,Syndication Remarks:Investors- Navigate to this cash flowing property in a historic area. The prime location is close to Calle Ocho and Brickell which has alot of new multi family development. The building is zoned mixed use and features 6x1/1 apartments and 1 convenience store. Gated access to top floor which features 4x1/1 apartments. 1 apartment in the front of the building and 1x1/1 at the rear. The store has a separate storage building with electric and privacy fence from the building common yard area. 40 year recertification is approved and recorded. No code violations and all units have separate meters. 1 water meter. 5x1/1 paying $1300 and 1x1/1 paying $1200. Convenience store paying $3000 and in process of negotiating higher. All units have leases. 7%+ cap rate. No seller financing. Contract to view.,Listing Contract Date:2024-04-26,Originating System I D:miamire,Public Survey Section:3,Showing Instructions:See Broker Remarks,Street Number Numeric:1808,Tax Legal Description:3 54 41 IDLEWILD PARK PB 2-87 LOT 1 LESS S96FT BLK 41 LOT SIZE 4900 SQUARE FEET OR 18708-3335 0799 1 COC 24272-0862 02 2006 1,Public Survey Township:41,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2.5%,M I A M I R E_ Adjusted Area S F:3264,M I A M I R E_ Internet Remarks:Mixed use building with 6 1/1 apartments and 1 commercial storefront. Can build up to 3 floors. 100% occupancy and alot of room for rent increase.,Contract Status Change Date:2024-04-26,Internet Address Display Y N:1,Number Of Units In Community:1,M I A M I R E_ Ok To Advertise List:No,Dual Variable Compensation 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:351.05,