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Off market

Buy a multi-family propertyat 1311 15th Ter, Miami Beach, FL 33139

$2,650,000

$2,775,000 (-4.5%)

$0/mo

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Multifamily

3,581 Sq. Ft.

395 Days on market

A11357473 MLS ID

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About 1311 15th Ter multi-family property

Shovel-ready opportunity or collect rent as-is! This legal 7-unit multi-family has 5 units in the main structure & 2 in the detached cottage. Main house: 3 studios (2 w/ a yard and 1 w/ a balcony); two 2-bed 1 bath units (1 w/ a yard and 1 w/ a balcony). Back House: One 1-bed unit downstairs & another 1-bed unit upstairs. All Tenants enjoy a common back-yard & laundry. The shovel-ready project consists of an elegant four-story boutique building w/ underneath parking & a fantastic common rooftop w/ a pool & a summer kitchen! It will feature SIX identical 3-bed, 2-bath, 1310sqf units, two per floor & each one w/ a private wrap around balcony! There is a HUGE lack of 3/2 condos in boutique buildings in SoBe, and those few are highly sought after! Call for more information!
Shovel-ready opportunity or collect rent as-is! This legal 7-unit multi-family has 5 units in the main structure & 2 in the detached cottage. Main house: 3 studios (2 w/ a yard and 1 w/ a balcony); two 2-bed 1 bath units (1 w/ a yard and 1 w/ a balcony). Back House: One 1-bed unit downstairs & another 1-bed unit upstairs. All Tenants enjoy a common back-yard & laundry. The shovel-ready project consists of an elegant four-story boutique building w/ underneath parking & a fantastic common rooftop w/ a pool & a summer kitchen! It will feature SIX identical 3-bed, 2-bath, 1310sqf units, two per floor & each one w/ a private wrap around balcony! There is a HUGE lack of 3/2 condos in boutique buildings in SoBe, and those few are highly sought after! Call for more information!

Property details

House

Architectural Style: Detached, Old Spanish

Building Area Total: 3581

Building Area Units: Square Feet

Building Name: ALTON BEACH BAY FRONT RE-

Construction Materials: CBS Construction

Living Area: 3581

Living Area Units: Square Feet

Stories: 2

Stories Total: 2

Structure Type: Quadruplex, Fourplex

Year Built: 1925

Year Built Details: Effective Year Built

Location

City: Miami Beach

Coordinates: "-80.1427929", "25.7883482"

County Or Parish: Miami-Dade County

Latitude: 25.7883482

Longitude: -80.1427929

MLS Area Major: Alton Beach Bay Front Re-

Postal Code: 33139

Postal Code Plus 4: 2206

State Or Province: FL

Street Name: 15th Ter

Street Number: 1311

Street Number Numeric: 1311

Subdivision Name: ALTON BEACH BAY FRONT RE-

Unparsed Address: 1311 15th Ter, Miami Beach FL 33139

Cooling

Cooling: Wall/Window Unit(s)

Cooling YN: t

Floors

Flooring: Tile

Utilities

Gas: Natural Gas

Heating

Heating: Window/Wall

Heating YN: t

Listing

Listing Id: A11357473

Listing Terms: All Cash, Owner Will Carry

List Price: 2650000

Mls Status: Active

Number Of Units In Community: 3

Number Of Units Total: 7

Rent Includes: Electricity, Gas, Hot Water, Gardener, Sewer, Trash Collection, Water

Standard Status: Active

Total Actual Rent: 175800

Lot

Lot Features: Less Than 1/4 Acre Lot

Lot Size Units: Square Feet

Income

Net Operating Income: 131580

Expenses

Operating Expense: 44220

Property

Parcel Number: 02-32-33-016-0050

Property Sub Type: Quadruplex

Property Type: Residential Income

Parking

Parking Total: 2

Possession

Possession: Negotiable

Taxes

Tax Annual Amount: 23975

Tax Legal Description: ALTON BEACH BAY FRONT RE-SUB PB 16-1 LOT 8 & E1/2 LOT 9 BLK 67 A LOT SIZE 75.000 X 100 OR 17892-3688 1097 4 COC 22840-4139 11 2004 1

Tax Year: 2022

Monthly cost

Estimated monthly cost

$17,174/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$2,491,000

+$79,500

$2,570,500

Seller agent commission$79,500 (3%)*

$0 (0%)

Buyer agent commission$79,500 (3%)*

$79,500 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $79,500 more selling your home
with an Unreal Estate agent

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Unreal Estate checked: Aug 8, 2023 at 4:41 p.m.

Data updated: Jul 24, 2023 at 8:25 p.m.

Courtesy of Coldwell Banker Realty.
Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Listing Information © 2024 MIAMI and Miami REALTORS®. All Rights Reserved.

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