Home » Miami » 3102 NW 70th Ter, Miami, FL 33147 | A11604798

Triplex Sold 3102 NW 70th Ter, Miami, FL 33147

$575,000
closed for a price of $560,000

Property Highlights

Listing ID A11604798 Status of this Listing: Closed Sold Property Type Residential Income (Multifamily 2-4) Triplex Living Space 1,619 Sqft/150.41 m2 approx. Building Area 1,889 Sqft/175.49 m2 approx. Year Built 1946 Time of this property from published date until Closing Date 37 Days

3102 NW 70th Ter, Miami, FL 33147

Property Description: CASH COW in burgeoning NW Central Miami! This 1,799 SF multi-unit home on a well-situated 6,527 SF corner lot is in a fantastic up-and-coming location, north of Allapattah-Brownsville, near the Metro-Rail and west of the new Liberty Square 55-acre master-planned mixed-use neighborhood with residences, arts and culture, health centers, educational facilities and parks galore. The updated building is currently leased as a tri-plex with under market rents, generating a fantastic NOI of $50,000 per year (almost a 9-cap) with more upside! Two units have two bedrooms and one bathroom, and the third unit is an efficiency. The property is gated and fenced, with parking and a great yard. This is a great opportunity if you’re looking to increase cashflow or make this your home with added income.

Useful Info

Contingency:Pending Inspections
Original List Price:$575,000
Close Price:$560,000

Lease Details

Rent Includes:
  • Hot Water
  • Gardener

Land Lot (Parcel) Details

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

Construction

Year Built Details:
  • Resale
Levels:One
Construction Materials:
  • Frame
  • Stucco
Flooring:
  • Ceramic Tile
Stories:1
Possible Use:
  • Investment

Property Features

Waterfront:No
Roof:
  • Shingle
Window Features:
  • Impact Glass
Air Conditioning:Yes
Air Conditioning System:
  • Central Air

Taxes and Expenses

Tax Annual Amount:$6,227

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:2023
Property Tax Status:Tax Reflects County Only Tax

Terms

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

Community

Subdivision Name:Westgate
Senior Community:No

Parking

Parking Total Spaces:3
Covered Spaces:0

Utilities

Sewer:
  • Public Sewer
Utilities Available:
  • Cable Available

More Details

Other Information:
Tax InformationTax Reflects County Only Tax
Flood ZoneX
Type of AssociationNone
Style Triplex
FEMA Flood Zone DesignationsX
Municipal Code30
Subdivision Number0
Buyer Country of ResidenceUSA
Buy StateFlorida

Zoning and Legal

Tax Legal Description:16 53 41 .21 AC BEG AT NE COR OF NW1/4 OF NW1/4 OF NE1/4 RUN S270FT FOR A POB W86FT S107.5FT E86FT N107.5FT TO THE POB LOT SIZE 61.000 X 107
Real Estate Folio Number (Parcel Number):30-31-16-000-0200
Zoning Description:0100
Public Survey Township:30
Public Survey Range:31
Public Survey Section:16

Listing History

Update/EventDate/Days
Published Date:June 19, 2024 10:16 pm
On Market Date:June 19, 2024
Close Date:July 26, 2024
Price Change Date Time:June 10, 2024 8:12 pm
Last Important Update Description:Closed
Date and Time of Last Important Update:July 28, 2024 12:56 pm
Status Last Changed:July 28, 2024 12:56 pm
Photos Last Modified:June 20, 2024 6:09 am
Last Modified:July 28, 2024 4:57 pm
Days on the Market Reference Date:July 28, 2024
Days on the Market (updated on Last Modified*):5
Cumulative Days on the Market (updated on Last Modified**):5

Additional Information

Lot Size Range:Less Than 1/4 Acre Lot
Number of Photos:11
Location:,,Less Than 1/4 Acre Lot
Included:,,
Area:31
Automated Valuation Display:Yes
Courtesy of:Graber Realty Group LLC
Universal Property Id:US-12025-N-3031160000200-R-N

Location

Show Property Address:Yes
Street Name:70th Ter
Street Number:3102
Street Direction Prefix:NW
Street Address:3102 NW 70th Ter
City : Miami
State : Florida
Zip Code : 33147
County : Miami-Dade County
Full Address:3102 NW 70th Ter, Miami, FL 33147
Latitude:N25° 50' 15.3''
Longitude:W81° 45' 8.2''

Neighborhood

Postal City:Miami

Property Map