$665,000
$697,900
4.7%For more information regarding the value of a property, please contact us for a free consultation.
2840 SW 32nd Ct Miami, FL 33133
1,416 SqFt
Key Details
Sold Price $665,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,416 sqft
Price per Sqft $469
Subdivision Avalon Sub
MLS Listing ID A11130291
Sold Date 04/01/22
Construction Status Effective Year Built
HOA Y/N No
Year Built 1956
Annual Tax Amount $8,497
Tax Year 2020
Property Description
DEVELOPERS DREAM!!! Prime land in the heart of Shenandoah/Silver Bluff a few minutes drive to Coconut Grove on 32nd Ct. and US1. Lot is zoned multi-family, T3O, up to 9 units and sits on just under 7000 sf of land, larger than most lots on the market. Build two twin homes that are selling for $1.2 million each, which already exist on the same block and throughout entire area, or fix existing structure and earn 5% CAP RATE immediately. Additionally, add dwellings to the lot and convert it into a tripex or fourplex and CAP RATE is up to 8%. At a bargain price of $697,900 still leaves plenty of margin once development/renovation is completed. This will not last so submit offers asap. Seller may consider some sort of owners finance under certain circumstances with a minimum of 50% downpayment.
Location
State FL
County Miami-dade County
Community Avalon Sub
Area 41
Direction US1 then proceed north on 32nd Ave then head west on 28th St and proceed south on 32nd Ct.
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Terrazzo
Exterior
Pool None
Utilities Available Cable Available
Roof Type Flat
Total Parking Spaces 4
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
Level or Stories One
Structure Type Block
Construction Status Effective Year Built
Others
Tax ID 01-41-16-017-0240
Acceptable Financing Cash, Owner May Carry
Listing Terms Cash, Owner May Carry
Financing Cash
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Bought with Miami Real Estate Company