FLAMINGO TERR ADDN, Residential Incomes – 2425 FLAMINGO PL #12, Miami Beach -001-11-30T00:00:00-05:00
Multifamily Art-Deco gem built by Master Architect L. Murray Dixon, designer of Miami Beach’s most iconic buildings including, The Raleigh, Tides and Victor Hotels. Located in one of Miami Beach’s most desirable neighborhoods, this architectural beauty is a

2425 FLAMINGO PL #12, Miami Beach

$3,500,000 USD
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Address2425 FLAMINGO PL #12, Miami Beach
Building NameFLAMINGO TERR ADDN
Type of PropertyQuadruplex
Property StyleQuadruplex
Price$3,500,000
Previous Price$2,800,000 (52 days ago)
Property StatusActive
MLS NumberA10916850
Living Area8301
Lot Size8301
Year Built1947
Folio Number02-32-27-011-0090
Gross Rent Income$202,200
Net Operating Income$128,207
Zoning Information3900
Days on Market334

Detailed Description: Multifamily Art-Deco gem built by Master Architect L. Murray Dixon, designer of Miami Beach’s most iconic buildings including, The Raleigh, Tides and Victor Hotels. Located in one of Miami Beach’s most desirable neighborhoods, this architectural beauty is a piece of Miami Beach History and incredible Investment. 12 Units comprised of 6 studios, 4 1 bedroom units and 2 1 bed / 2 bath units. Fully occupied with long term tenants. The building was completely renovated in 2009 and features impact glass, in-unit washer / dryers and a zen-like courtyard. Incredible location walking distance to the beach, Lincoln Road, The Fillmore, Miami Beach Convention Center, schools and restaurants. Extremely attractively CAP rate above 5%. Rents have recently been increased. Financials Attached.

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Address Information
StateFlorida
CityMiami Beach
CountyMiami-Dade County
Zip Code33140
Address2425 FLAMINGO PL
Section27
Zip Code (4 Digits)4370
Financial Information
Price$3,500,000
Price per Foot$0
Previous Price$2,800,000
Folio Number02-32-27-011-0090
Gross Rent Income$202,200
Net Operating Income$128,207
Tax Amount$30,304
Tax Year2019
Possession InformationFunding,Rental Agreement
Full Descriptions
Detailed DescriptionMultifamily Art-Deco gem built by Master Architect L. Murray Dixon, designer of Miami Beach’s most iconic buildings including, The Raleigh, Tides and Victor Hotels. Located in one of Miami Beach’s most desirable neighborhoods, this architectural beauty is a piece of Miami Beach History and incredible Investment. 12 Units comprised of 6 studios, 4 1 bedroom units and 2 1 bed / 2 bath units. Fully occupied with long term tenants. The building was completely renovated in 2009 and features impact glass, in-unit washer / dryers and a zen-like courtyard. Incredible location walking distance to the beach, Lincoln Road, The Fillmore, Miami Beach Convention Center, schools and restaurants. Extremely attractively CAP rate above 5%. Rents have recently been increased. Financials Attached.
Roof DescriptionConcrete
Floor DescriptionWood
Cooling DescriptionCentral Air, Electric
Heating DescriptionCentral, Electric
Sewer DescriptionPublic Sewer
Property parameters
Living Area8301
Lot Size8301
Zoning Information3900
Year Built1947
Type of PropertyQuadruplex
StyleQuadruplex
Building NameFLAMINGO TERR ADDN
Development NameFLAMINGO TERR ADDN
Construction TypeConcrete Block Construction,CBS Construction
Stories Number2.000
Listed withUrban Resource LLC
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