Home » Virginia Gardens » 5979 NW 37th St, Virginia Gardens, FL 33166 | A11463374

5979 NW 37th St, Virginia Gardens, FL 33166 | Sold

$4,150,000
closed for a price of $3,850,000

Property Highlights

Listing ID A11463374 Status of this Listing: Closed Sold Property Type Residential Income (Multifamily 2-4) Fourplex (Quadruplex) Living Space 5,508 Sqft/511.71 m2 approx. Building Area 5,508 Sqft/511.71 m2 approx. Year Built 1965 Seller considers Owner Financing Time of this property from published date until Closing Date 232 Days
15 Photos of this Property

5979 NW 37th St, Virginia Gardens, FL 33166

Property Description: 12 Existing rental units already FULLY RENTED and 18 units approved by Miami-Dade to be built. Owner might finance 15 YEARS at 7%. This well maintained Income Property has excellent location, close to Doral, Miami Springs, 826 Hwy & Miami Inter Airport. Exclusive area of Virginia Gardens •Property contains 12 existing rental units for a Gross Income $213,600 - CAP 4.6% and have approved Project for 18 new units to start construction any time •This ideal package will allow a total of 30 units a Gross Income around $670,800 a total of 28,920 SF of rentable area •Lot:43,560 ' (One Acre) EXISTING 12 UNITS:•08 1 BED/1BATH/480 'ft •04 STUDIO 390’ft. A PROJECTED OF 18 UNITS:•16-2 BED/2BATH/1,100’ft •02-3 BED/2 BATH/1,500 'ft. For Showings and videos ask for Carlos

Useful Info

Original List Price:$4,150,000
Close Price:$3,850,000

Lease Details

Rent Includes:
  • Hot Water
  • Sewer
  • Trash Collection
  • Water
  • Gardener
  • Pest Control

Land Lot (Parcel) Details

Lot Features:
  • 1-2 Acres
Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Architectural Style:
  • Fourplex
Construction Materials:
  • Block
Flooring:
  • Other
  • Ceramic Tile
Stories:3

Property Features

Waterfront:No
Roof:
  • Barrel
Air Conditioning:Yes
Air Conditioning System:
  • Electric
Heating:Yes
Heating System:
  • Electric

Taxes and Expenses

Tax Annual Amount:$25,228

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2022
Association Fee:$1
Association Fee Frequency:
  • Annually
Property Tax Status:Tax Reflects No Exemptions

Terms

Documents Available:
  • Other
  • Rent Rolls
  • Inventory
  • Lease
  • Contract(s)
Listing Terms Considered by Seller:
  • Cash
  • Conventional
  • Owner May Carry (Owner Financing, The Seller may be interested in carrying the mortgage note)
  • Other
Occupant Type:
  • Call Agent
Buyer Possession:
  • Negotiable
  • Close Of Escrow
Buyer Financing:
  • Cash
Lease Considered:No

Community

Subdivision Name:SUB OF TRACK A OF SUNSET
Senior Community:No
Development Name:SUNSET ACRES

Parking

Parking Total Spaces:12
Covered Spaces:0

Utilities

Sewer:
  • Public Sewer
Utilities Available:
  • Cable Not Available

More Details

Other Information:
Tax Information: Tax Reflects No Exemptions
Flood Zone : X
Type of Association: None
Style: Fourplex
FEMA Flood Zone Designations: X
Municipal Code: 26
Subdivision Number: 11
Buyer Country of Residence: USA
Buy State: Florida

Zoning and Legal

Tax Legal Description:25 53 40 1.00 AC SUB OF TR A OF SUNSET ACRES LOT 15 PB 42-9 LOT SIZE IRREGULAR
Real Estate Folio Number (Parcel Number):26-30-25-011-0060
Zoning Description:3700
Public Survey Township:26
Public Survey Range:30
Public Survey Section:25

Listing History

Update/EventDate/Days
Published Date:October 3, 2023 6:15 pm
On Market Date:October 3, 2023
Close Date:May 22, 2024
Price Change Date Time:October 3, 2023 5:49 pm
Last Important Update Description:Closed
Date and Time of Last Important Update:June 10, 2024 11:12 am
Status Last Changed:June 10, 2024 11:12 am
Photos Last Modified:April 30, 2024 5:02 am
Last Modified:June 10, 2024 3:13 pm
Days on the Market Reference Date:June 10, 2024
Days on the Market (updated on Last Modified*):150
Cumulative Days on the Market (updated on Last Modified**):368

Additional Information

Lot Size Range:1 To Less Than 2 Acre Lot
Number of Photos Count:15
Area:30
Ref ID:1045852495
Courtesy of:Lokation
Universal Property Id:US-12025-N-2630250110060-R-N

Location

Show Property Address:Yes
Street Name:37th St
Street Number:5979
Street Direction Prefix:NW
Street Address:5979 NW 37th St
City : Virginia Gardens
State : Florida
Zip Code : 33166
County : Miami-Dade County
Full Address:5979 NW 37th St, Virginia Gardens, FL 33166
Latitude:N25° 48' 30''
Longitude:W81° 42' 19.5''

Neighborhood

Postal City:Virginia Gardens

Property Map