Home » Miami Beach » 1150 8th St, Miami Beach, FL 33139 | A11652726

Fourplex (Quadruplex) For Sale 1150 8th St, Miami Beach, FL 33139

$3,400,000
Price has decreased by $100,000

Property Highlights

Listing ID A11652726 Status of this Listing: Active For Sale Property Type Residential Income (Multifamily 2-4) Fourplex (Quadruplex) Living Space 5,426 Sqft/504.09 m2 approx. Building Area 5,426 Sqft/504.09 m2 approx. Year Built 1948 Time of this property on Rebonus 97 Day(s)

1150 8th St, Miami Beach, FL 33139

Property Description: Steps away from 500 Alton Project, 3 Acre Park Coming To Alton Road 4 Unit Multi-Family on Alton & 8th Street, on the same block as the New Baptist Health Center in Miami Beach. AAA Location - IDEAL for Owner Users, Developer or Investors. Flexible CD-2 Zoning allows for Medical Offices / Retails / Hotels / Short Term Rentals, and Other Commercial Uses. High Traffic Count Intersection & Close to Major Retailers. FAR 2.0 = Develop 15,000 sqft 5 story building. Total Monthly income: $15,700, move in 5.3% CAP Rate with potential upside on the rents! Tenants Pay all expense. the only thing landlord pays is monthly gardening fees, along with taxes and insurance annually! All Units come furnished with inventory list, they are all the exact same on the interior!

Useful Info

Previous Asking Price:$3,450,000
Original List Price:$3,500,000

Lease Details

Rent Includes:
  • Gardener

Land Lot (Parcel) Details

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

Construction

Year Built Details:
  • Resale
Architectural
Style:
  • Fourplex
Levels:Two
Construction Materials:
  • Block
  • Brick
Flooring:
  • Vinyl
Stories:2

Property Features

Waterfront:No
Roof:
  • Shingle
Air Conditioning:Yes
Air Conditioning System:
  • Wall/window Unit(s)
Heating System:
  • Other

Taxes and Expenses

Tax Annual Amount:$37,946

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:2024
Property Tax Status:Tax Reflects City & County Tax

Terms

Documents Available:
  • Lease
Listing Terms Considered by Seller:
  • Cash
  • Conventional
  • Fha
Occupant Type:
  • Tenant
Lease Considered:No

Community

Subdivision Name:OCEAN BEACH ADDN NO 3
Senior Community:No

Parking

Parking Total Spaces:0
Covered Spaces:0

Utilities

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

More Details

Other Information:
Tax InformationTax Reflects City & County Tax
Flood ZoneAE
Type of AssociationNone
StyleFourplex
FEMA Flood Zone DesignationsAE
Municipal Code2
Ref1082630686
Subdivision Number9

Zoning and Legal

Tax Legal Description:OCEAN BEACH ADDN NO 3 PB 2-81 LOT 16 BLK 106 LOT SIZE 7500 SQ FT M/L
Real Estate Folio Number (Parcel Number):02-42-03-009-8650
Zoning Description:6400
Public Survey Township:2
Public Survey Range:42
Public Survey Section:3

Listing History

Update/EventDate/Days
Published Date:September 3, 2024 6:23 pm
On Market Date:September 3, 2024
Price Change Date Time:December 9, 2024 12:40 am
Last Important Update Description:Price Change
Date and Time of Last Important Update:December 9, 2024 12:40 am
Status Last Changed:September 3, 2024 6:23 pm
Photos Last Modified:September 3, 2024 10:33 pm
Last Modified:December 9, 2024 5:40 am
Days on the Market Reference Date:December 9, 2024
Days on the Market (updated on Last Modified*):97
Cumulative Days on the Market (updated on Last Modified**):97

Additional Information

Lot Size Range:Less Than 1/4 Acre Lot
Number of Photos:27
Location:,,Less Than 1/4 Acre Lot
Included:,,
Area:32
Courtesy of:Alexandria Realty Group LLC
Universal Property Id:US-12025-N-0242030098650-R-N

Location

Show Property Address:Yes
Street Name:8th St
Street Number:1150
Street Address:1150 8th St
City : Miami Beach
State : Florida
Zip Code : 33139
County : Miami-Dade
Full Address:1150 8th St, Miami Beach, FL 33139
Latitude:N25° 46' 41.1''
Longitude:W81° 51' 34.6''

Neighborhood

Postal City:Miami Beach

Property Map