16041-16031 Northeast 18th Place

North Miami Beach, FL 33162

$1,250,000
Last Sold Price
Beds
5,676 Sq. Ft.
$220 / Sq. Ft.
5,676
Sq. Ft.
$220
per Sq. Ft.

Description

Very well located, high performance 8 unit multifamily, close to major roads such as 95, 826, 163, Biscayne, Collins, shopping plazas, Aventura Mall providing a large pool of workforce that keeps the vacancy very low. New Roofs on both buildings, 6 out of 8 units are remodeled. Take advantage of the low market interest rates, great cash on cash deal! Buildings Net Rent Income is $85,378 YTD, Yields 7% if paid in cash. Do not disturbed the tenants (Financials Attached) YTD Taxes $16,000 Insurance...Very well located, high performance 8 unit multifamily, close to major roads such as 95, 826, 163, Biscayne, Collins, shopping plazas, Aventura Mall providing a large pool of workforce that keeps the vacancy very low. New Roofs on both buildings, 6 out of 8 units are remodeled. Take advantage of the low market interest rates, great cash on cash deal! Buildings Net Rent Income is $85,378 YTD, Yields 7% if paid in cash. Do not disturbed the tenants (Financials Attached) YTD Taxes $16,000 Insurance $9,300 Water $5,950 Electricity $1,440 Grass $720
  1. Listed by Daniel Prada • Home Wiz USA

Property Details for 16041-16031 Northeast 18th Place

Subdivision
FULFORD HEIGHTS
Style
Fourplex
Waterfront
No
Area
22
Auction
No
Total Units
8
Num Stories
1
Sq Ft Total
5676

Location

Listing Courtesy of Home Wiz USA

Sold By EFA Realty

Add your commute
LISTING UPDATED: 09/14/2021 03:13 PM

Property Details for 16041-16031 Northeast 18th Place

StatusClosed Sale
MLS #A10997096
Days on Market160
Taxes$7,700 / year
HOA Fees-
Condo/Co-op Fees-
Compass Type-
MLS Type-
Year Built1957
Lot Size-
CountyMiami-Dade County

Location

Listing Courtesy of Home Wiz USA

Sold By EFA Realty

Add your commute

Building Information for 16041-16031 Northeast 18th Place

Stories-Residences8Year Built1957Lot Size-

Payment Calculator

$7,463 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,822

Property Taxes

$642

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 16041-16031 Northeast 18th Place

Location Information
Location Information
  • Parcel Number Free Text: 07-22-16-016-1080
  • Parcel Number MLX: 1080
  • MLS Area: 22
  • Municipal Code: 0
  • Township Range: 22
  • Section: 16
  • Subdivision Number: 16
  • Subdivision Complex Bldg: FULFORD HEIGHTS
  • Unit Count: 4
  • Zoning Information: 3800
General Information
Parking
  • Num Parking Spaces: 9
General Information
  • Property Type Information: Other
  • Lot Description: Less Than 1/4 Acre Lot
Additional Property Information
Utilities
  • Heating Description: Central Heat, Electric Heat
  • Cooling Description: Ceiling Fans, Central Cooling, Electric Cooling
  • Sewer Description: Municipal Sewer
  • Separate Meter: No
  • Cable Available: No
Additional Property Information
  • Guest Accommodations: No
  • Rent Includes: Hot Water
Financial Information
Financial Information
  • Total Mortgage: $686,000
  • Type of Association: None
  • Flood Zone: X
  • Tax Year: 2020
  • Tax Information: Tax Reflects City & County Tax
  • Information Available: Rent Rolls

Property History for 16041-16031 Northeast 18th Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 16041-16031 Northeast 18th Place

This home is within Miami-Dade.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Fulford Elementary School
PublicPK to 5

John F. Kennedy Middle School
Public6 to 8

Robert Morgan Voc-Tech Institute
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Home Wiz USA

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.