Bought with Keller Williams Realty Premier
$1,400,000
$2,500,000
44.0%For more information regarding the value of a property, please contact us for a free consultation.
1850 S Treasure DR North Bay Village, FL 33141
10 Baths
7,222 SqFt
Key Details
Sold Price $1,400,000
Property Type Commercial
Sub Type MultiFamily (5+ Units)
Listing Status Sold
Purchase Type For Sale
Square Footage 7,222 sqft
Price per Sqft $193
Subdivision Treasure Is 1St Addn Port Of Track B
MLS Listing ID RX-10517583
Sold Date 06/04/19
Construction Status Resale
Year Built 1963
Annual Tax Amount $23,415
Tax Year 2018
Lot Size 0.280 Acres
Property Description
FANTASTIC 10-UNIT APARTMENT BUILDING ON THE INTRACOASTAL. INCREDIBLE OPEN BAY VIEWS FROM THIS 2-STORY CBS BLDG W/2- 2/2'S AND 8- 1/1'S ON A LARGE 12,000 SF LOT ON A VERY PRIVATE AND TRANQUIL STREET. CONSISTENTLY FULLY RENTED, PROPERTY FEATURES UPSIDE AS SOME UNITS ARE RENOVATED & SOME OTHERS CAN BENEFIT FROM A UNIT IMPROVEMENT PROGRAM; RENTS CAN BE CONSIDERED LOWER FOR THE AREA. UNITS INDIVIDUALLY METERED FOR ELECTRIC; OWNER PAYS FOR WATER. CAN BE SOLD TOGETHER WITH A 16-UNIT IN SOUTH BEACH, PLEASE INQUIRE. PROPERTY IS ON A GROUND LEASE (EXPIRES 08/14/2055; RENT IS $2,500/YEAR) WHICH -IF DESIRED- CAN BE CANCELLED UPON CLOSING OF THE LOT & THE BUILDING, IF SOLD TO THE SAME BUYER. BUILDING IS OFFERED AT $1,500,000 AND LOT IS OFFERED SEPARATELY AT $1,000,000. SEE MORE IN SUPPLEMENT REMARKS.
Location
State FL
County Miami-dade
Area 2320
Zoning RM-40
Interior
Heating Other
Cooling Wall-Win A/C
Flooring Other
Fireplaces Type Smoke Detector
Exterior
Community Features Corporate Owned
Utilities Available Cable, Public Sewer, Public Water, Separate Meter
Waterfront Yes
Waterfront Description Intracoastal,Seawall
Roof Type Comp Shingle
Present Use Corporate Owned
Building
Story 100.00
Foundation CBS
Construction Status Resale
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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