Sold

Closed

1175 S 98th St Unit: 20 UNITS

Bay Harbor Islands FL, 33154

$7,800,000


$480.06 per sqft

Sold

Closed

16,248 sqft

Commercial

Built in 1957

Extensively renovated and equipped! rare opportunity to acquire a unique 20-unit multifamily building, located within one of the safest and most desirable residential cities in the FL tri-county region. The property consists of 20 units, 16/4 mix 1 bD (818 sf) and 2 Bd (1019 sf), 27 dedicated street parkings. Extensive and thorough renovation, feels like a new. Corner lot steps away Kane Concourse, walking distance to Bal Harbor Shops and beach. Access to highly rated schools in Bay Harbor and the luxury lifestyle surroundings, commanding PREMIUM rents, and prices, in every kind of market and economy.

This property is an ideal investment opportunity for investors looking for a ready to occupy, low maintenance proposition, with a relevant redevelopment opportunity upside (zoned RM-2)

A11237291

MLS ID

July 7, 2022

Listed

October 2, 2024

Updated

Map

1175 S 98th St Unit: 20 UNITS
Bay Harbor Islands FL, 33154

Interior Features

Total Stories

2


Floor Description

Ceramic Floor, Vinyl


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.44 Acres


Lot Features

City Location, Corner Lot


Roof

Shingle


Sewer

Public Sanitation

Other Property Details

Taxes

$57,802


Tax Frequency

Annually


Days on Market

12


Garage

No


Parking

Assigned, On Street


Parking Total

27


View

No


County

Miami-Dade County


Water Source

Public


Pool

No


Zoning

RM-2

Listing History

Date

Event

Price

11/10/2023

Sold

$7,800,000

Listed by:  Douglas Elliman
Listing Contact: 561-566-0151 

Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS.  All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. 

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Data last updated 2:21 AM UTC, 10/2/2024.

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