Basic Information

  • MLS # A11453884
  • Type Duplex / Quad Plex / Triplex
  • Style Quadruplex
  • Status Active
  • Subdivision/Complex OCEANSIDE SEC ISLE OF NOR
  • Year Built 1936
  • Total Sqft 3,552
  • Date Listed 09/16/2023
  • Days on Market 76
Description

**CALL FOR OFFERS THAT CAN CLOSE BEFORE END OF YEAR** 1.85M discounted price from seller- contingent on acceptable terms and end of year closing 4.84 CAP wupside + value-add proforma +9 CAP.Price reduction to the nexus for price seller capital gains- 1.875M. *************************Renovated 6-unit MF with 10-15 upside in existing rents as is massive value add to unlock via multiple avenues: Strategy 1: Add four 4 for units to existing footprint total 10- proforma 186K NOI equating to 3.1M valuation at 6 CAP Strategy 2: Full site redevelopmentcovered land play- 1.25 FAR allows 8,915 SF Reference Crexi Listing for details and links in Directions section of listing

Exterior Features

  • Waterfront No
  • Pool No
  • Construction Type Block
  • Design Description Fourplex
  • Parking Spaces 0
  • Parking Description
  • Roof Description Barrel,Flat,Tile

Interior Features

  • Adjusted Sqft 3,552
  • Cooling Description Central Air
  • Floor Description Ceramic Tile
  • Heating Description Central
  • Sqft 3,552

Property Features

  • Address 6955 Rue Vendome
  • Aprox. Lot Size 3,552
  • Architectural Style Fourplex
  • City Miami Beach
  • Construction Materials Block
  • County Miami-Dade County
  • Furnished Info No
  • Levels Two
  • Listing Terms Cash,Conventional,1031 Exchange
  • Lot Description 14 Acre
  • Lot Features 14 Acre
  • Occupant Type Tenant
  • Pool Features None
  • Possession Close Of Escrow
  • Postal City Miami Beach
  • Public Survey Section Two
  • Public Survey Township 2
  • Roof Barrel,Flat,Tile
  • Sewer Description Public Sewer
  • Short Sale Regular Sale
  • Stories 2
  • HOA Fees N/A
  • Subdivision Complex
  • Subdivision Info OCEANSIDE SEC ISLE OF NOR
  • Tax Amount $15,654
  • Tax Information OCEAN SIDE SEC ISLE OF NORMANDY PB 25-60 LOT 28 BLK 5 LOT SIZE 56.600 X 126 OR 20170-1663 12 2001 4 COC 25489-1147 02 2007 4
  • Tax Year 2022
  • Terms Considered Cash,Conventional,1031 Exchange
  • Type of Property Quadruplex
  • Year Built Details Resale

6955 Rue Vendome

Miami Beach, FL 33141

Similar Properties For Sale

The multiple listing information is provided by the Miami and Orlando® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami and Orlando®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Real Estate Sales Force

Real Estate IDX Powered by: TREMGROUP