Basic Information

  • MLS # A11773813
  • Type Duplex / Quad Plex / Triplex
  • Status Active
  • Subdivision/Complex Mimo
  • Year Built 1937
  • Total Sqft 2,809
  • Date Listed 03/31/2025
  • Days on Market 24
Description

IMMACULATE, TASTEFUL & COMPLETELY REMODELED fourplex in the heart of the MIMO district. ALj units have washer/dryers and central A/C. 4 separate meters and zoned/use as a multifamily. Great annual income and even more if done with short term rentals. Brand new roofs in 2021 and 2022 on each building. Front building have impact windows. 48 hour notice,POF must be provided for showings. Beautiful central courtyard for tenants enjoyment. Each unit comes with one parking space. Gross income at current leases $101,000.00 (2 bedrooms Apts are rented way under market value that is aprox between $2,800 t $3,200 per unit) Text me for financial Worksheet. UNITS BREAKDOWN: See attachment for CAP rate report. Two apartments 2/2 One apartment 2/1 One apartment 1/1

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Construction Type Block
  • Design Description Fourplex
  • Parking Description
  • Roof Description Flat

Interior Features

  • Adjusted Sqft 2,809Sq.Ft
  • Cooling Description Central Air
  • Floor Description Laminate, Tile
  • Heating Description Central
  • Sqft 2,809 Sq.Ft

Property Features

  • Address 515 N E63rd St
  • Aprox. Lot Size 2,809
  • Architectural Style Fourplex
  • City Miami
  • Construction Materials Block
  • County Miami- Dade
  • Furnished Info No
  • Levels Two
  • Listing Terms Cash, Conventional
  • Lot Description Less Than Quarter Acre
  • Lot Features Less Than Quarter Acre
  • Occupant Type Tenant
  • Pool Features None
  • Possession Closing And Funding
  • Postal City Miami
  • Public Survey Section Two
  • Roof Flat
  • Sewer Description Public Sewer
  • Short Sale Regular Sale
  • Stories 2
  • HOA Fees N/A
  • Subdivision Complex
  • Subdivision Info Mimo
  • Tax Amount $18,500
  • Tax Information N O R T H G A T E R E S U B B L K9 P B9-157 L O T S24& E10 F T O F L O T25 B L K9 L O T S I Z E7800 S Q F T F A U0132180940001 F K A B I S C A Y N E P A L M S C O N D O
  • Tax Year 2024
  • Terms Considered Cash, Conventional
  • Type of Property Quadruplex

515 NE 63rd St

Miami, FL 33138

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