7311 Gary Ave,Quadruplex, Quadruplex, Fourplex, Park View Island

7311 Gary Ave, Miami Beach, Florida, 33141

Price $2,990,000.00

  • Lot size 15430
  • Year Build 1958
  • Waterfront
  • Zip 33141
  • Style
  • Parking Description
  • Pool Yes
  • Status Active

Description

18 Units multifamily located in North Beach, blocks away from the beach. Attractive unit mix with One Studio, Three 2 bedrooms, and Fourteen 1 Bedroom. Building is currently under renovation. New painting, new gate and new landscaping were done in December 2020. 5 units have recently been updated. Rents are below market value - This building has a strong upside potential. Opportunity to get the property at a discount rate today (under $200/sqft !!!), finish the renovation and increase the profitability easily over a 6 cap. Owner motivated.

PARK VIEW ISLAND PB 60-6 LOTS 12 & 13 BLK 3 LOT SIZE 120.000 X 125 COC 25966-3164 09 2007 5

East Of US 1

18 Units multifamily located in North Beach, blocks away from the beach. Attractive unit mix with One Studio, Three 2 bedrooms, and Fourteen 1 Bedroom. Building is currently under renovation. New painting, new gate and new landscaping were done in December 2020. 5 units have recently been updated. Rents are below market value - This building has a strong upside potential. Opportunity to get the property at a discount rate today (under $200/sqft !!!), finish the renovation and increase the profitability easily over a 6 cap. Owner motivated.

City:Miami Beach,Zoning:3900,List A O R:A-Miami Association of REALTORS,Tax Year:2020,Latitude:25.8582082,Malone Id:1013523908,Cooling Y N:1,Heating Y N:1,List Price:2990000,Listing Id:A10972943,Longitude:-80.1273743,Mls Status:Active,Year Built:1958,Living Area:15430,Postal Code:33141,Street Name:Gary Ave,Coordinates:1:25.8582082,Photos Count:25,Building Name:PARK VIEW ISLAND,Days On Market:28,Lot Size Units:Square Feet,M L S Area Major:Park View Island,On Market Date:2020-12-17,Parcel Number:02-32-02-014-1040,Parking Total:15,Property Type:Residential Income,Rent Includes:1:Trash Collection,2:Water,Stories Total:2,Street Number:7311,M I A M I R E_ Style:Fourplex,Public Remarks:18 Units multifamily located in North Beach, blocks away from the beach. Attractive unit mix with One Studio, Three 2 bedrooms, and Fourteen 1 Bedroom. Building is currently under renovation. New painting, new gate and new landscaping were done in December 2020. 5 units have recently been updated. Rents are below market value - This building has a strong upside potential. Opportunity to get the property at a discount rate today (under $200/sqft !!!), finish the renovation and increase the profitability easily over a 6 cap. Owner motivated.,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,Expiration Date:2021-02-28,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:2582,Property Sub Type:Quadruplex,State Or Province:FL,Subdivision Name:PARK VIEW ISLAND,Tax Annual Amount:45589,Unparsed Address:7311 Gary Ave, Miami Beach FL 33141,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:15430,Building Area Units:Square Feet,Lot Size Square Feet:15430,M I A M I R E_ L P Amt Sq Ft:193.7784,Original List Price:2990000,Public Survey Range:32,I D X Participation Y N:1,Number Of Units Total:18,Syndication Remarks:18 Units multifamily located in North Beach, blocks away from the beach. Attractive unit mix with One Studio, Three 2 bedrooms, and Fourteen 1 Bedroom. Building is currently under renovation. New painting, new gate and new landscaping were done in December 2020. 5 units have recently been updated. Rents are below market value - This building has a strong upside potential. Opportunity to get the property at a discount rate today (under $200/sqft !!!), finish the renovation and increase the profitability easily over a 6 cap. Owner motivated.,Listing Contract Date:2020-12-17,Originating System I D:miamire,Public Survey Section:2,Showing Instructions:Showing Assist,Street Number Numeric:7311,Tax Legal Description:PARK VIEW ISLAND PB 60-6 LOTS 12 & 13 BLK 3 LOT SIZE 120.000 X 125 COC 25966-3164 09 2007 5,Public Survey Township:32,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2%,M I A M I R E_ Adjusted Area S F:12538,Contract Status Change Date:2020-12-17,Internet Address Display Y N:1,Number Of Units In Community:1,Internet Consumer Comment Y N:1,Transaction Broker Compensation:2%,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:193.78,Internet Automated Valuation Display Y N:1,

  • Price $2,990,000.00
  • Price Change: 2020-12-17
  • Lot size sq. ft.
  • Price per sq.ft.
  • Year Build 1958
  • Waterfront
  • View
  • Pool Yes
  • Style
  • Construction Concrete Block Construction
  • Parking Description
  • Flooring Type Tile
  • Property Type Residential Income
  • Status Active
  • Listed 2020-12-17
  • Days on Market 80
  • Furnished
  • City Miami Beach
  • Zip 33141
  • State Florida
  • Subdivision PARK VIEW ISLAND
  • Development Name PARK VIEW ISLAND, Park View Island
  • HOA Fees
  • Taxes 45589
  • Taxes Year 2020