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Dennis Lue Yat

dennis@luxeiq.com +1(561) 571-1425

$1,225,000

Est. payment - /mo

7,382 SqFt

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 7,382 sqft

Price per Sqft $165

MLS Listing ID F10550848

Construction Status Resale

HOA Y/N No

Total Fin. Sqft 7382

Year Built 1935

Annual Tax Amount $4,623

Tax Year 2024

Property Sub-Type Quadruplex

Property Description

Multifamily investment featuring a total of 13 units spread across two structures. The primary two-story building includes 11 units, along with a separate detached structure housing 2 additional units. The current unit configuration includes six 2-bedroom/1-bath units and seven 1-bedroom/1-bath units. Buyer to independently verify the legal unit count, unit layout, bedroom/bathroom configuration, and unit numbering with Miami-Dade County. The property is being conveyed as-is, and the buyer will assume responsibility for any existing liens and code violations. The buildings are presently boarded, however a walk-through video is available to review the interior condition. This asset presents a strong opportunity for investors interested in redevelopment, repositioning, or a long-term hold. The property was vandalized, resulting in significant damage. All exterior doors need to be replaced, multiple windows are broken, and the units will need to be stripped down to the studs and completely rebuilt from scratch. The walls were broken through to steal electrical wiring and to get to the other units. Plumbing lines and fixtures were stolen, causing extensive system damage. A comprehensive renovation is required. The electrical system needs a complete overhaul, including replacement of panels and full rewiring. The plumbing system also requires full replacement due to the stolen and missing plumbing lines and fixtures. Mold is present throughout the property, worsened by broken walls that allow access between units. In addition, the roof is visibly sinking, as shown in the provided photographs. In summary, the entire unit requires a full renovation, including proper permitting and work performed by a licensed contractor.

Location

Subdivision Coral Court

State FL

County Miami-dade

Area 2310

Zoning 5000

Interior

Interior Features InteriorFeatures

Heating Separate Meters, Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Tile

Fireplace No

Exterior

Utilities Available Cable Not Available

Water Access Desc Multiple Meters

Roof Type Other

Private Pool No

Building

Story 2

Entry Level Two

Water Multiple Meters

Level or Stories Two

Structure Type Block

New Construction No

Construction Status Resale

Others

Senior Community No

Restrictions Other Restrictions

Tax ID 30-31-11-027-0070

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Real Estate Owned

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Listed by Robert D Tammaro City Realty Partners, Inc

Nearby School & Business

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Dennis Lue Yat

+1(561) 571-1425

Broker | SL3301099

Broker SL3301099

Popular Cities & Towns In Palm Beach County

1337 NW 77th ST Miami, FL 33147

Dennis Lue Yat

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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