Home » Miami » 261 NW 50th St Miami FL 33127 | A11478216

261 NW 50th St Miami FL 33127 | Sold

$799,000
closed for a price of $799,000

Property Highlights

Listing ID A11478216 Status of this Listing: Closed Sold Property Type Residential Income (Multifamily 2-4) Duplex Living Space 1,445 Sqft/134.24 m2 approx. Building Area 2,202 Sqft/204.57 m2 approx. Year Built 1958 Time of this property from published date until Closing Date 43 Days
33 Photos of this Property

261 NW 50th St Miami FL 33127

Property Description: Near Miami 's coveted Design District, this property is an investor 's dream with a high cap rate! The main house has 2 bed, 1.5 baths with hardwood floors and a private yard. Additionally, there are two spacious renovated studios, one with a private backyard. All units are currently leased and studios share a coin laundry. Tenants pay all utilities. Ample parking, including a garage. Don 't miss this opportunity to start collecting rents in a prime location near the airport and beaches.

Useful Info

Contingency:Backup Contract/Call LA
Original List Price:$799,000
Close Price:$799,000

Lease Details

Rent Includes:
  • Trash Collection
  • None

Land Lot (Parcel) Details

Lot Features:
  • < 1/4 Acre
Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Levels:Two
Construction Materials:
  • Block
Flooring:
  • Tile
  • Wood
Stories:2
Possible Use:
  • Investment

Property Features

Waterfront:No
Exterior Features:
  • Fence
  • Porch
  • Patio
Patio and Porch Features:
  • Patio
  • Open
  • Porch
Roof:
  • Shingle
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
  • Wall/window Unit(s)
Heating:Yes
Heating System:
  • Central
  • Wall Furnace

Taxes and Expenses

Tax Annual Amount:$9,042

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

Terms

Documents Available:
  • Lease
Listing Terms Considered by Seller:
  • Cash
Occupant Type:
  • Call Agent
Buyer Possession:
  • Closing & Funding
Buyer Financing:
  • Conventional
Lease Considered:No

Community

Subdivision Name:RAILWAY SHOPS ADDN 2ND AM
Community Features:
  • Laundry Facilities
Senior Community:No

Parking

Parking Total Spaces:2
Covered Spaces:0

Utilities

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

More Details

Other Information:
Tax Information: Tax Reflects No Exemptions
Flood Zone : X
Type of Association: None
Style: Duplex
FEMA Flood Zone Designations: X
Municipal Code: 1
Subdivision Number: 13
Buyer Country of Residence: USA
Buy State: Florida

Zoning and Legal

Tax Legal Description:PB 3-183 RAILWAY SHOPS ADD 2ND AMD LOT 15 & E3FT OF LOT 14 BLK 24 LOT SIZE 53.000 X 144 OR 18313-4183 0998 4 COC 22071-4602 02 2004 5
Real Estate Folio Number (Parcel Number):01-31-24-013-4621
Zoning Description:5700
Public Survey Township:1
Public Survey Range:31
Public Survey Section:24

Listing History

Update/EventDate/Days
Published Date:October 31, 2023 1:15 am
On Market Date:October 31, 2023
Close Date:December 13, 2023
Price Change Date Time:October 31, 2023 1:15 am
Last Important Update Description:Closed
Date and Time of Last Important Update:December 23, 2023 1:54 am
Status Last Changed:December 23, 2023 1:54 am
Photos Last Modified:October 31, 2023 5:56 am
Last Modified:December 23, 2023 6:55 am
Days on the Market (updated on Last Modified*):12
Cumulative Days on the Market (updated on Last Modified**):12

Additional Information

Lot Size Range:Less Than 1/4 Acre Lot
Number of Photos Count:33
Area:31
Ref ID:1046605635
Courtesy of:Compass Florida, LLC
Attribution:305-989-4242
Universal Property Id:US-12025-N-0131240134621-R-N

Location

Show Property Address:Yes
Street Name:50th St
Street Number:261
Street Direction Prefix:NW
Street Address:261 NW 50th St
City : Miami
State : Florida
Zip Code : 33127
County : Miami-Dade County
Full Address:261 NW 50th St Miami FL 33127
Latitude:N25° 49' 17.9''
Longitude:W81° 47' 56''

Neighborhood

Postal City:Miami

Property Map