515 63rd St ,Other, Quadruplex, Mimo for Sale

515 63rd St for Sale

Price $1,350,000.00

• Lot size 2809
• Year Build 1937
• Waterfront
• Zip 33138
• Style Other
• Parking Description
• Pool Yes
• Status Active

Description

IMMACULATE, TASTEFUL & COMPLETELY REMODELED fourplex in the heart of the MIMO district. Thriving area minutes to Wynwood, Brickell, Upper East side. ALL units have washer/dryers and central A/C. 4 separate meters and zoned/use as a multifamily. Great annual income and even more if done with short term rentals. Brand new roofs in 2021 and 2022 on each building. Front building have impact windows. 48 hour notice,POF must be provided for showings. Beautiful central courtyard for tenants enjoyment. Each unit comes with one parking space. Gross income at current leases $101,000.00 (2 bedrooms Apts are rented under market value that is aprox between $2,800 t $3,200 per unit) UNITS BREAKDOWN: See attachment for CAP rate report. Two apartments 2/2 One apartment 2/1 One apartment 1/1

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls=A11773813 Please do not go to the property without appointment. 48 Hours notice and proof of funds need it. See attachment for CAP rate report. Gross income at current leases $101,000.00 (2 bedrooms Apts are rented under market value that is aprox between $2,800 t $3,200 per unit)

NORTH GATE RESUB BLK 9 PB 9-157 LOTS 24 & E10FT OF LOT 25 BLK 9 LOT SIZE 7800 SQ FT FAU 01 3218 094 0001 FKA BISCAYNE PALMS CONDO

Less Than 1/4 Acre Lot

IMMACULATE, TASTEFUL & COMPLETELY REMODELED fourplex in the heart of the MIMO district. Thriving area minutes to Wynwood, Brickell, Upper East side. ALL units have washer/dryers and central A/C. 4 separate meters and zoned/use as a multifamily. Great annual income and even more if done with short term rentals. Brand new roofs in 2021 and 2022 on each building. Front building have impact windows. 48 hour notice,POF must be provided for showings. Beautiful central courtyard for tenants enjoyment. Each unit comes with one parking space. Gross income at current leases $101,000.00 (2 bedrooms Apts are rented under market value that is aprox between $2,800 t $3,200 per unit) UNITS BREAKDOWN: See attachment for CAP rate report. Two apartments 2/2 One apartment 2/1 One apartment 1/1

City:Miami,Zoning:3900,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2024,Latitude:25.8342745,Cooling Y N:1,Heating Y N:1,List Price:1350000,Listing Id:A11773813,Longitude:-80.1858821,Mls Status:Active,Year Built:1937,Living Area:2809,Postal Code:33138,Street Name:63rd St,Coordinates:1:25.8342745,Photos Count:41,Building Name:MIMO,Days On Market:2,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:31,M L S Area Major:Mimo,On Market Date:2025-03-31,Parcel Number:01-32-18-026-0170,Parking Total:4,Property Type:Residential Income,Stories Total:2,Street Number:515,M I A M I R E_ Style:Fourplex,Public Remarks:IMMACULATE, TASTEFUL & COMPLETELY REMODELED fourplex in the heart of the MIMO district. Thriving area minutes to Wynwood, Brickell, Upper East side. ALL units have washer/dryers and central A/C. 4 separate meters and zoned/use as a multifamily. Great annual income and even more if done with short term rentals. Brand new roofs in 2021 and 2022 on each building. Front building have impact windows. 48 hour notice,POF must be provided for showings. Beautiful central courtyard for tenants enjoyment. Each unit comes with one parking space. Gross income at current leases $101,000.00 (2 bedrooms Apts are rented under market value that is aprox between $2,800 t $3,200 per unit) UNITS BREAKDOWN: See attachment for CAP rate report. Two apartments 2/2 One apartment 2/1 One apartment 1/1,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,List Office Name:Brokers, LLC,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:6176,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:NE,Subdivision Name:MIMO,Tax Annual Amount:18500,Unparsed Address:515 NE 63rd St, Miami FL 33138,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:2809,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:480.5981,Original List Price:1350000,Public Survey Range:32,I D X Participation Y N:1,Number Of Units Total:4,Syndication Remarks:IMMACULATE, TASTEFUL & COMPLETELY REMODELED fourplex in the heart of the MIMO district. Thriving area minutes to Wynwood, Brickell, Upper East side. ALL units have washer/dryers and central A/C. 4 separate meters and zoned/use as a multifamily. Great annual income and even more if done with short term rentals. Brand new roofs in 2021 and 2022 on each building. Front building have impact windows. 48 hour notice,POF must be provided for showings. Beautiful central courtyard for tenants enjoyment. Each unit comes with one parking space. Gross income at current leases $101,000.00 (2 bedrooms Apts are rented under market value that is aprox between $2,800 t $3,200 per unit) UNITS BREAKDOWN: See attachment for CAP rate report. Two apartments 2/2 One apartment 2/1 One apartment 1/1,Listing Contract Date:2025-03-31,Originating System I D:miamire,Public Survey Section:18,Showing Instructions:Appointment Only,Call Listing Agent,Street Number Numeric:515,Tax Legal Description:NORTH GATE RESUB BLK 9 PB 9-157 LOTS 24 & E10FT OF LOT 25 BLK 9 LOT SIZE 7800 SQ FT FAU 01 3218 094 0001 FKA BISCAYNE PALMS CONDO,Public Survey Township:32,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Adjusted Area S F:1674,M I A M I R E_ Internet Remarks:TASTEFUL & COMPLETELY REMODELED fourplex in the heart of the MIMO district.,Contract Status Change Date:2025-03-31,Internet Address Display Y N:1,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:480.6,Internet Automated Valuation Display Y N:1,