$789,000
$799,000
1.3%For more information regarding the value of a property, please contact us for a free consultation.
265 NE 118 Terrace Miami, FL 33161
2,551 SqFt
Key Details
Sold Price $789,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,551 sqft
Price per Sqft $309
Subdivision Halock-Sec 1
MLS Listing ID A11252568
Sold Date 09/26/22
Construction Status Effective Year Built
HOA Y/N No
Year Built 1959
Annual Tax Amount $8,264
Tax Year 2021
Contingent Pending Inspections
Property Description
Great opportunity to own a well maintained triplex in the heart of Miami. Long term tenants with upside potential to increase revenue once the leases renew. Unit #1 (1/1) $1,050 Lease Expires on 6/1/23. Unit #2 (1/1) $1,100 Lease Expires on 12/31/22. Unit #3 (2/2) $1,300 Lease Expires on 12/31/22. Roof was recently replaced (about 5 yrs ago) and a new drain field installed in 2012. Property is equipped with hurricane shutters for all windows and doors. Each unit features its own dedicated washer/dryer as well as a dedicated backyard/porch. Each unit has individual electric meter and ONE Master Water Meter which is paid by the Landlord. Property has lots of opportunity for upside potential to increase revenue and plenty of room to add a pool on this oversize lot of 15,560 sq/ft.
Location
State FL
County Miami-dade County
Community Halock-Sec 1
Area 22
Interior
Heating Space Heater
Cooling Ceiling Fan(s), Electric, Wall/Window Unit(s)
Flooring Parquet, Tile
Window Features Drapes
Exterior
Exterior Feature Room For Pool
Pool None
Utilities Available Cable Available
Roof Type Shingle
Total Parking Spaces 3
Building
Lot Description 1/4 to 1/2 Acre Lot
Story 1
Sewer Septic Tank
Water Public
Level or Stories One
Structure Type Block
Construction Status Effective Year Built
Others
Tax ID 30-22-31-036-0550
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Financing Conventional
Special Listing Condition Listed As-Is
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Bought with The Keyes Company