2425 Flamingo Pl,Detached, Quadruplex, Quadruplex, Fourplex, Flamingo Terr Addn

2425 Flamingo Pl, Miami Beach, Florida, 33140

Price $3,500,000.00

  • Lot size 8301
  • Year Build 1947
  • Waterfront
  • Zip 33140
  • Style Detached
  • Parking Description
  • Pool Yes
  • Status Active

Description

Multifamily Art-Deco gem built by Master Architect L. Murray Dixon, designer of Miami Beach's most iconic buildings including, The Raleigh, Tides and Victor Hotels. Located in one of Miami Beach's most desirable neighborhoods, this architectural beauty is a piece of Miami Beach History and incredible Investment. 12 Units comprised of 6 studios, 4 1 bedroom units and 2 1 bed/ 2 bath units. Fully occupied with long term tenants. The building was completely renovated in 2009 and features impact glass, in-unit washer/dryers and a zen-like courtyard. Incredible location walking distance to the beach, Lincoln Road, The Fillmore, Miami Beach Convention Center, schools and restaurants. Extremely attractively CAP rate above 5%. Rents have recently been increased. Financials Attached.

FLAMINGO TERR ADDN PB 34-68 LOT 4 BLK 2 LOT SIZE 90.000 X 92 OR 19136-4963 0500 4 COC 25335-3372 01 2007 1

East Of US 1

Multifamily Art-Deco gem built by Master Architect L. Murray Dixon, designer of Miami Beach's most iconic buildings including, The Raleigh, Tides and Victor Hotels. Located in one of Miami Beach's most desirable neighborhoods, this architectural beauty is a piece of Miami Beach History and incredible Investment. 12 Units comprised of 6 studios, 4 1 bedroom units and 2 1 bed/ 2 bath units. Fully occupied with long term tenants. The building was completely renovated in 2009 and features impact glass, in-unit washer/dryers and a zen-like courtyard. Incredible location walking distance to the beach, Lincoln Road, The Fillmore, Miami Beach Convention Center, schools and restaurants. Extremely attractively CAP rate above 5%. Rents have recently been increased. Financials Attached.

City:Miami Beach,Zoning:3900,Cooling:1:Electric,Heating:1:Electric,List A O R:A-Miami Association of REALTORS,Tax Year:2019,Latitude:25.8012076,Malone Id:1001883221,Cooling Y N:1,Heating Y N:1,List Price:3500000,Listing Id:A10916850,Longitude:-80.128792,Mls Status:Active,Year Built:1947,Living Area:8301,Possession:1:Rental Agreement,Postal Code:33140,Street Name:Flamingo Pl,Coordinates:1:25.8012076,Photos Count:40,Building Name:FLAMINGO TERR ADDN,Days On Market:283,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M L S Area Major:Flamingo Terr Addn,On Market Date:2020-09-01,Parcel Number:02-32-27-011-0090,Property Type:Residential Income,Rent Includes:1:Gardener,2:Pest Control,3:Sewer,4:Trash Collection,5:Water,Stories Total:2,Street Number:2425,M I A M I R E_ Style:Fourplex,Public Remarks:Multifamily Art-Deco gem built by Master Architect L. Murray Dixon, designer of Miami Beach's most iconic buildings including, The Raleigh, Tides and Victor Hotels. Located in one of Miami Beach's most desirable neighborhoods, this architectural beauty is a piece of Miami Beach History and incredible Investment. 12 Units comprised of 6 studios, 4 1 bedroom units and 2 1 bed/ 2 bath units. Fully occupied with long term tenants. The building was completely renovated in 2009 and features impact glass, in-unit washer/dryers and a zen-like courtyard. Incredible location walking distance to the beach, Lincoln Road, The Fillmore, Miami Beach Convention Center, schools and restaurants. Extremely attractively CAP rate above 5%. Rents have recently been increased. Financials Attached.,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,Expiration Date:2021-09-01,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Increase,Postal Code Plus4:4370,Property Sub Type:Quadruplex,State Or Province:FL,Subdivision Name:FLAMINGO TERR ADDN,Tax Annual Amount:30304,Total Actual Rent:202200,Unparsed Address:2425 Flamingo Pl, Miami Beach FL 33140,Listing Agreement:Exclusive Right To Sell,Operating Expense:73993,Year Built Details:Effective Year Built,Building Area Total:8301,Building Area Units:Square Feet,Lot Size Square Feet:8301,M I A M I R E_ L P Amt Sq Ft:421.6359,Original List Price:2800000,Previous List Price:2800000,Public Survey Range:32,Documents Available:1:Deposit - Security,2:Copy Of Lease(S),3:Other Available Information,4:Rent Rolls,5:Service Contracts,6:Existing Survey,I D X Participation Y N:1,Net Operating Income:128207,Number Of Units Total:12,Syndication Remarks:Multifamily Art-Deco gem built by Master Architect L. Murray Dixon, designer of Miami Beach's most iconic buildings including, The Raleigh, Tides and Victor Hotels. Located in one of Miami Beach's most desirable neighborhoods, this architectural beauty is a piece of Miami Beach History and incredible Investment. 12 Units comprised of 6 studios, 4 1 bedroom units and 2 1 bed/ 2 bath units. Fully occupied with long term tenants. The building was completely renovated in 2009 and features impact glass, in-unit washer/dryers and a zen-like courtyard. Incredible location walking distance to the beach, Lincoln Road, The Fillmore, Miami Beach Convention Center, schools and restaurants. Extremely attractively CAP rate above 5%. Rents have recently been increased. Financials Attached.,Listing Contract Date:2020-09-01,Originating System I D:miamire,Public Survey Section:27,Showing Instructions:Call Listing Agent,See Broker Remarks,Showing Assist,Street Number Numeric:2425,Tax Legal Description:FLAMINGO TERR ADDN PB 34-68 LOT 4 BLK 2 LOT SIZE 90.000 X 92 OR 19136-4963 0500 4 COC 25335-3372 01 2007 1,Public Survey Township:32,Construction Materials:1:CBS Construction,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:1.5%,M I A M I R E_ Adjusted Area S F:7003,Contract Status Change Date:2020-09-01,Internet Address Display Y N:1,Number Of Units In Community:3,Transaction Broker Compensation:1.5%,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:421.64,

  • Price $3,500,000.00
  • Price Change: 2021-06-09
  • Lot size sq. ft.
  • Price per sq.ft.
  • Year Build 1947
  • Waterfront
  • View
  • Pool Yes
  • Style Detached
  • Construction Concrete Block Construction, CBS Construction
  • Parking Description
  • Flooring Type Wood
  • Property Type Residential Income
  • Status Active
  • Listed 2021-06-09
  • Days on Market 328
  • Furnished
  • City Miami Beach
  • Zip 33140
  • State Florida
  • Subdivision FLAMINGO TERR ADDN
  • Development Name FLAMINGO TERR ADDN, Flamingo Terr Addn
  • HOA Fees
  • Taxes 30304
  • Taxes Year 2019