5979 NW 37th St Virginia Gardens, FL 33166

SOLD FOR
$3,850,000
$4,150,000
Studio
Beds
5,508
Sq.Ft.

Overview

  • Status: Closed
  • Bed(s) No info
  • Bath(s)
  • Half Bath(s) 0
  • Parking No info
  • Size: 5,508 ft2/511.71 m2
  • Price Per: $753.45 ft2/$8,110.07 m2
  • Type: Multifamily
  • Built: 1965
  • HOA: $1.00/MO
  • MLS Number: A11463374
  • View No info
  • On Site: 190 days
  • Updated: Listing Refreshed: 190 Days Ago

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

Price History

DateEventPriceChange RatePrice Per
05/22/2024Sold$3,850,000.007.2%$698.98 ft2/$7,523.80 m2
10/03/2023Listed$4,150,000.00$753.45 ft2/$8,110.07 m2

Contact Information

Tracey Schmitt
Real Estate Advisor
Specialties:
Luxury Oceanfront Communities, Waterfront Single Family Homes
Memberships:
Master Brokers, Luxury Real Estate Marketing, Million Dollar Guild
Contact Advisor
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