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1359 SW 22nd Ter

4 Unit Apartment Building $2,200,000 ($550,000/Unit) Miami, FL 33145

INVESTMENT HIGHLIGHTS

  • Excellent neighborhood. Safe , convenient to all Brickell, Downtown, Coral Gables, Coconut Grove, Key Biscayne, I-95.

EXECUTIVE SUMMARY

Excellent neighborhood just west of Brickell and South Miami Avenue called " The Roads". Safe, convenient to Brickell, Downtown, Coral Gables, Coconut Grove, Key Biscayne, and Edgewater, Wynwood. Recreational facilities and job opportunities abound. The street is two blocks long, so little traffic. Also a fine area for walking and cycling as well as many shopping , restaurants, and other facilities in walking distance. Two , 2-story buildings built in 1940 of cement block, elevated 3 ft above ground, originally fitted with propane. One is two 2/1 of 2400+ sq ft with patio for 1 apartment. Second is 3/2 and 3/2 with enclosed garage in early tax role records. of 3000sq ft+. Each lot is 5850 with 50 ft frontage and 117th ft depth. both back up to Coral Way, which is T-5-6 to back to empty parking lots on Coral Way. Schools convenient 4 blocks away. Remodel of 1359 with high impact windows, roof, new airconditionings, much new plumbing, kitchens, bathrooms from 2006- 2019. 1351 has metal fence and exterior face remodeled about 2000. Hardwood floors. The two are not same size as to square feet.Cement block wall between them. New townhouses selling above $1.4 directly west on 2925 sq ft lots. and 3 doors east home selling at $2.5 million.
There will be no adjustment of price as to the inspections. The sale price is firm $1,100,000 for each duplex/triplex. The post-inspection choices are move forward as is or withdraw from contract. The buyer's concession from sellers is to be discussed prior to creating contract.

PROPERTY FACTS

Price $2,200,000
Price Per Unit $550,000
Sale Type Investment
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.28 AC
Building Size 2,481 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1940/2004

AMENITIES

  • Smoke Detector

UNIT AMENITIES

  • Air Conditioning
  • Cable Ready
  • Heating
  • Ceiling Fans
  • Kitchen
  • Hardwood Floors
  • High Speed Internet Access
  • Yard
  • Dining Room
  • Garden
  • Patio
Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

ZONING

Zoning Code T-0-3 (This allows multifamily of certain types, townhouses, villas. townhouses require 25 feet frontage. the two properties have 100 ft frontage. R-2.)
T-0-3 (This allows multifamily of certain types, townhouses, villas. townhouses require 25 feet frontage. the two properties have 100 ft frontage. R-2.)
  • Listing ID: 31665064

  • Date on Market: 5/1/2024

  • Last Updated:

  • Address: 1359 SW 22nd Ter, Miami, FL 33145

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