$3,700,000
$3,900,000
5.1%For more information regarding the value of a property, please contact us for a free consultation.
8,019 SqFt
SOLD DATE : 08/22/2025
Key Details
Sold Price $3,700,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 8,019 sqft
Price per Sqft $461
Subdivision Lawrence Estates Land Cos
MLS Listing ID A11793460
Sold Date 08/22/25
Style Fourplex
Construction Status Resale
HOA Y/N No
Year Built 1914
Annual Tax Amount $47,732
Tax Year 2024
Contingent No Contingencies
Property Sub-Type Quadruplex
Property Description
High-performing 20-unit multifamily asset in the heart of Little Havana generating $339,480 in gross annual rent & $227,776 in NOI. Strong in-place income with plenty of upside—current rents are below Section 8 levels, offering immediate value-add potential through rental increases. Other features: newer roofs, upgraded PVC plumbing, & a history of consistent 100% occupancy. Unit mix: (1) 1-bed/2-bath, (14) 1-bed/1-bath, (4) 2-bed/1-bath, & (1) 2-bed/2-bath. Priced at just $195,000 per unit—rare for Little Havana with this level of stabilized income. 40-Year Recertifications have been completed. Attachments include the current rent roll, 2024 operating statement, & certification reports. Freddie Mac loan is assumable with a 3.83% interest rate, approx. $1,735,000 balance, & 2030 maturity.
Location
State FL
County Miami-dade
Community Lawrence Estates Land Cos
Area 41
Interior
Heating Central
Cooling Wall/Window Unit(s)
Flooring Laminate
Window Features Blinds
Exterior
Pool None
Utilities Available Cable Available
Roof Type Barrel,Flat
Total Parking Spaces 11
Private Pool No
Building
Lot Description 1/4 to 1/2 Acre Lot
Story 1
Sewer Public Sewer
Architectural Style Fourplex
Level or Stories One
Structure Type Block
Construction Status Resale
Others
Tax ID 01-41-02-006-2220
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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Bought with Mederos and Associates Real Estate Inc