16041-16031 18th Pl,Other, Quadruplex, Quadruplex, Fourplex, Fulford Heights

16041-16031 18th Pl, North Miami Beach, Florida, 33162

Price $1,329,700.00

• Lot size 5676
• Year Build 1957
• Waterfront
• Zip 33162
• Style Other
• Parking Description
• Pool Yes
• Status Active

Description

Very well located 9 unit multifamily, close to major roads such as 95, 826, 163, Biscayne, Collins, shopping plazas, Aventura Mall providing a large pool of workforce that keeps the vacancy very low. New Roofs on both buildings, 6 out of 9 units are remodeled. Take advantage of the low market interest rates, great cash on cash deal! Buildings Net Rent Income is $85,378 YTD, Yields 7% if paid in cash, Over 8% with financing. Do not disturbed the tenants (Financials Attached)

Do not disturbe the tenants - Building is legally 8 unit, but it is a 9 unit non-confirming.

FULFORD HEIGHTS PB 8-51 LOT 22 BLK 8 LOT SIZE 6750 SQUARE FEET OR 13007-157 0986 1 COC 25540-4572 03 2007 1

Less Than 1/4 Acre Lot

Very well located 9 unit multifamily, close to major roads such as 95, 826, 163, Biscayne, Collins, shopping plazas, Aventura Mall providing a large pool of workforce that keeps the vacancy very low. New Roofs on both buildings, 6 out of 9 units are remodeled. Take advantage of the low market interest rates, great cash on cash deal! Buildings Net Rent Income is $85,378 YTD, Yields 7% if paid in cash, Over 8% with financing. Do not disturbed the tenants (Financials Attached)

City:North Miami Beach,Zoning:3800,Cooling:1:Central Air,2:Electric,Heating:1:Electric,List A O R:A-Miami Association of REALTORS,Tax Year:2020,Latitude:25.9237378,Cooling Y N:1,Heating Y N:1,List Price:1329700,Listing Id:A10997096,Longitude:-80.1619806,Mls Status:Active,Year Built:1957,Living Area:5676,Postal Code:33162,Street Name:18th Pl,Coordinates:1:25.9237378,Photos Count:30,Building Name:FULFORD HEIGHTS,Days On Market:129,Listing Terms:1:Cash,2:Conventional,3:Exchange,Lot Size Units:Square Feet,M L S Area Major:Fulford Heights,On Market Date:2021-02-09,Parcel Number:07-22-16-016-1080,Parking Total:9,Property Type:Residential Income,Stories Total:1,Street Number:16041-16031,M I A M I R E_ Style:Fourplex,Public Remarks:Very well located 9 unit multifamily, close to major roads such as 95, 826, 163, Biscayne, Collins, shopping plazas, Aventura Mall providing a large pool of workforce that keeps the vacancy very low. New Roofs on both buildings, 6 out of 9 units are remodeled. Take advantage of the low market interest rates, great cash on cash deal! Buildings Net Rent Income is $85,378 YTD, Yields 7% if paid in cash, Over 8% with financing. Do not disturbed the tenants (Financials Attached),Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,Expiration Date:2021-08-31,Private Remarks:Do not disturbe the tenants - Building is legally 8 unit, but it is a 9 unit non-confirming.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:5776,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:NE,Subdivision Name:FULFORD HEIGHTS,Tax Annual Amount:7700,Unparsed Address:16041-16031 NE 18th Pl, North Miami Beach FL 33162,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:5676,Building Area Units:Square Feet,Lot Size Square Feet:5676,M I A M I R E_ L P Amt Sq Ft:234.2671,Original List Price:1449000,Previous List Price:1349700,Public Survey Range:22,I D X Participation Y N:1,Number Of Units Total:9,Syndication Remarks:Very well located 9 unit multifamily, close to major roads such as 95, 826, 163, Biscayne, Collins, shopping plazas, Aventura Mall providing a large pool of workforce that keeps the vacancy very low. New Roofs on both buildings, 6 out of 9 units are remodeled. Take advantage of the low market interest rates, great cash on cash deal! Buildings Net Rent Income is $85,378 YTD, Yields 7% if paid in cash, Over 8% with financing. Do not disturbed the tenants (Financials Attached),Listing Contract Date:2021-02-09,Originating System I D:miamire,Public Survey Section:16,Showing Instructions:Call Listing Agent,Street Number Numeric:16041,Tax Legal Description:FULFORD HEIGHTS PB 8-51 LOT 22 BLK 8 LOT SIZE 6750 SQUARE FEET OR 13007-157 0986 1 COC 25540-4572 03 2007 1,Public Survey Township:22,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:3%,M I A M I R E_ Adjusted Area S F:5676,Contract Status Change Date:2021-02-09,Internet Address Display Y N:1,Number Of Units In Community:4,Internet Consumer Comment Y N:1,Transaction Broker Compensation:3%,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:234.27,Internet Automated Valuation Display Y N:1,